The Viscardi Center Inc

Analysis

The Viscardi Center Inc is a registered charity in United States, based in Albertson, NY. It received its IRS tax-exemption ruling in March 1957, 69 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, The Viscardi Center Inc reported income of $4.8m and spending of $5.4m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.2m to $4.8m (-34%), an average of -9.9% a year. The sharpest change came in the year to June 2020, when income dropped by 42%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Viscardi Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Childrens Aid Home and Society of Somerset County ($4.8m), Anu Family Services Inc ($4.8m) and Housing with Heart Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $257k (4.8% of expenses). Other salaries and wages came to $1.4m. It paid $183k in professional fundraising fees. At year end it held assets of $36.9m against liabilities of $5.5m, net assets of $31.4m. It reported 53 employees.