Warren-Hamilton Counties Action Committee for Economic Opportunity

Analysis

Warren-Hamilton Counties Action Committee for Economic Opportunity is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in May 1967, 59 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 November 2023, Warren-Hamilton Counties Action Committee for Economic Opportunity reported income of $2.6m and spending of $2.6m, spending 101% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $1.4m to $2.6m (+81%), an average of +16% a year. The sharpest change came in the year to November 2021, when income rose by 88%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Warren-Hamilton Counties Action Committee for Economic Opportunity sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Circle of Light Associates ($2.6m), 3strands Global Foundation ($2.6m) and Marketumbrella Org ($2.6m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 94% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $131k (5.0% of expenses). Other salaries and wages came to $582k. At year end it held assets of $988k against liabilities of $325k, net assets of $663k. It reported 18 employees.