Schenectady Inner City Ministry

Analysis

Schenectady Inner City Ministry is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in March 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Schenectady Inner City Ministry reported income of $2.7m and spending of $2.9m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.7m (+47%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 38%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Schenectady Inner City Ministry sits at the 88th percentile: it is larger than about 88% 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 Habitat for Humanity International Inc ($2.7m), Family Crisis Center ($2.7m) and St Augustine Services Corporation ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $115k (4.0% of expenses). Other salaries and wages came to $543k. At year end it held assets of $3.6m against liabilities of $195k, net assets of $3.4m. It reported 38 employees.