Fulmont Community Action Agency Inc

Analysis

Fulmont Community Action Agency Inc is a registered charity in United States, based in Fonda, NY. It received its IRS tax-exemption ruling in June 1980, 46 years ago. 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 September 2023, Fulmont Community Action Agency Inc reported income of $5.7m and spending of $6.0m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.5m to $5.7m (+4.7%), an average of +1.2% a year. The sharpest change came in the year to September 2022, when income rose by 16%. 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, Fulmont Community Action Agency Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Young Mens Christian Association of Lafayette ($5.7m), San Gabriel Childrens Center Inc ($5.7m) and White Center Emergency Food Association ($5.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $612k (10% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $1.3m against liabilities of $675k, net assets of $674k. It reported 131 employees.