Schenectady Community Home Inc

Analysis

Schenectady Community Home Inc is a registered charity in United States, based in Scotia, NY. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Schenectady Community Home Inc reported income of $254k and spending of $231k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $298k to $254k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Schenectady Community Home Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Caruthersville Senior Citizens Housing Inc ($254k), Wilmington Housing Partnership Corp ($254k) and South Texas Economic Development Corporation Inc ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Other salaries and wages came to $131k. At year end it held assets of $574k against liabilities of $8,325, net assets of $565k. It reported 6 employees.