Schoharie County Council of Senior Citizens Inc

Analysis

Schoharie County Council of Senior Citizens Inc is a registered charity in United States, based in Cobleskill, NY. It received its IRS tax-exemption ruling in December 1976, 50 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, Schoharie County Council of Senior Citizens Inc reported income of $1.7m and spending of $1.4m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $971k to $1.7m (+80%), an average of +16% a year. The sharpest change came in the year to September 2022, when income rose by 48%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Schoharie County Council of Senior Citizens 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 81st percentile within NY. Charities of a similar size with the same main cause include The Miryam Institute Inc ($1.7m), Hillel the Foundation for Jewish Campus Life ($1.7m) and Clay Studio ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $48k (3.4% of expenses). Other salaries and wages came to $773k. At year end it held assets of $1.7m against liabilities of $225k, net assets of $1.5m. It reported 55 employees.