Putney Community Cares Inc

Analysis

Putney Community Cares Inc is a registered charity in United States, based in Putney, VT. It received its IRS tax-exemption ruling in March 1987, 39 years ago. 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, Putney Community Cares Inc reported income of $123k and spending of $122k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $123k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Putney Community Cares 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 42nd percentile, and in the 32nd percentile within VT. Charities of a similar size with the same main cause include Urban League of Rochester Economic Development Corporation ($123k), Pop Warner Little Scholars Inc ($123k) and New York Association for Continuing and Community Education Inc ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 5.5% of the total. At year end it held assets of $276k against liabilities of $199, net assets of $276k.