Putnam County Legal Aid Society Inc

Analysis

Putnam County Legal Aid Society Inc is a registered charity in United States, based in Carmel, NY. It received its IRS tax-exemption ruling in August 1982, 44 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 December 2023, Putnam County Legal Aid Society Inc reported income of $1.8m and spending of $1.5m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.8m (+61%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Putnam County Legal Aid Society Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Convergent Impact Inc ($1.8m), Historical Society of Martin County Inc ($1.8m) and Spark Academy of Advanced Technologies ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $136k (9.0% of expenses). At year end it held assets of $1.7m against liabilities of $67k, net assets of $1.6m. It reported 18 employees.