Purchase Community Inc

Analysis

Purchase Community Inc is a registered charity in United States, based in Purchase, NY. It received its IRS tax-exemption ruling in December 1985, 41 years ago. 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, Purchase Community Inc reported income of $2.1m and spending of $2.0m, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.9m to $2.1m (+7.0%), an average of +1.7% a year. The sharpest change came in the year to August 2021, when income rose by 224%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Purchase Community Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include A Sanctuary for Military Families Inc ($2.1m), St Josephs Health Fund ($2.1m) and Christian Helping Hands Inc ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.2% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $247k (13% of expenses). At year end it held assets of $2.1m against liabilities of $230k, net assets of $1.9m. It reported 112 employees.