Watervliet Civic Chest Inc

Analysis

Watervliet Civic Chest Inc is a registered charity in United States, based in Watervliet, NY. It received its IRS tax-exemption ruling in June 1961, 65 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Watervliet Civic Chest Inc reported income of $803k and spending of $843k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $655k to $803k (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Watervliet Civic Chest Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Reece Endeavor of Midland ($803k), Mariucci Family Foundation ($803k) and American Friends of Kisse Rahamim Inc ($803k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $94k (11% of expenses). At year end it held assets of $794k against liabilities of $0, net assets of $794k. It reported 51 employees.