Joint Council for Economic Opportunity of Clinton & Franklin

Analysis

Joint Council for Economic Opportunity of Clinton & Franklin is a registered charity in United States, based in Plattsburgh, NY. It received its IRS tax-exemption ruling in October 1967, 59 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 January 2024, Joint Council for Economic Opportunity of Clinton & Franklin reported income of $9.1m and spending of $9.0m, spending 98% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $8.8m to $9.1m (+3.1%), an average of +0.8% a year. The sharpest change came in the year to January 2022, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Joint Council for Economic Opportunity of Clinton & Franklin sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Saint Georges School ($9.1m), Pacific Historic Parks ($9.1m) and St Joseph Residence Inc Mrs Shaw ($9.1m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $163k (1.8% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $5.5m against liabilities of $1.1m, net assets of $4.4m. It reported 137 employees.