Town of Hoosick Community Center Inc

Analysis

Town of Hoosick Community Center Inc is a registered charity in United States, based in Hoosick Falls, NY. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Town of Hoosick Community Center Inc reported income of $62k and spending of $71k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $125k to $62k (-51%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Town of Hoosick Community Center Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Wolf - Warrior Outdoor Leadership for the Future ($62k), 4 Leaf Friends Inc ($62k) and McKenzie Noelle Wilson Foundation ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 38% of the total. At year end it held assets of -$9,685 against liabilities of $0, net assets of -$9,685.