Five Towns Community Center

Analysis

Five Towns Community Center is a registered charity in United States, based in Lawrence, NY. It received its IRS tax-exemption ruling in August 1942, 84 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, Five Towns Community Center reported income of $2.9m and spending of $2.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $2.9m (+3.0%), an average of +0.7% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Five Towns Community Center sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Creutzfeldt-Jakob Disease Foundation Inc ($2.9m), Fieldstone Farm Therapeutic Riding Center ($2.9m) and Urban League of Springfield Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $152k (5.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.5m against liabilities of $145k, net assets of $2.3m. It reported 111 employees.