Ingersoll Adult Home Inc

Analysis

Ingersoll Adult Home Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in March 1986, 40 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Ingersoll Adult Home Inc reported income of $4.5m and spending of $4.6m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.9m to $4.5m (+18%), an average of +4.1% a year. The sharpest change came in the year to September 2023, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ingersoll Adult Home 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 Omni Development Corporation ($4.5m), Affordable Community Living Corporation ($4.5m) and Habitat for Humanity International Inc ($4.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $116k (2.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $8.6m against liabilities of $8.2m, net assets of $416k. It reported 70 employees.