Edgemont Recreation Corporation

Analysis

Edgemont Recreation Corporation is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Edgemont Recreation Corporation reported income of $499k and spending of $375k, leaving 25% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $627k to $499k (-20%), an average of -5.6% a year. The sharpest change came in the year to August 2021, when income rose by 436%. 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, Edgemont Recreation Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Trinity County Food Assistance Program ($498k), Emmaus House ($499k) and Oak Tree Ministries ($498k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $17k (4.5% of expenses). Other salaries and wages came to $168k. At year end it held assets of $405k against liabilities of $2,271, net assets of $402k. It reported 49 employees.