City Mission of Schenectady

Analysis

City Mission of Schenectady is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in September 1953, 73 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, City Mission of Schenectady reported income of $8.2m and spending of $7.4m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.8m to $8.2m (+4.5%), an average of +1.1% a year. The sharpest change came in the year to September 2021, when income rose by 16%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, City Mission of Schenectady sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Wishek Home for the Aged ($8.2m), Georgia Research Alliance Inc ($8.2m) and Proveg International Incorporated ($8.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $228k (3.1% of expenses). Other salaries and wages came to $3.4m. It paid $150k in professional fundraising fees. At year end it held assets of $20.7m against liabilities of $428k, net assets of $20.3m. It reported 116 employees.