Central Astoria Local Development Coalition Incorporated

Analysis

Central Astoria Local Development Coalition Incorporated is a registered charity in United States, based in Astoria, NY. It received its IRS tax-exemption ruling in October 1983, 43 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 June 2024, Central Astoria Local Development Coalition Incorporated reported income of $785k and spending of $763k, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $669k to $785k (+17%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 29%. 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, Central Astoria Local Development Coalition Incorporated sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Massachusetts Partnerships for Youth Inc ($785k), Midland Community Cancer Services ($785k) and National Church Residences of Jefferson NJ Inc ($785k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $98k (13% of expenses). Other salaries and wages came to $302k. At year end it held assets of $972k against liabilities of $49k, net assets of $924k. It reported 8 employees.