Advocate Hostels Holding Inc

Analysis

Advocate Hostels Holding Inc is a registered charity in United States, based in Malone, NY. It received its IRS tax-exemption ruling in October 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Advocate Hostels Holding Inc reported income of $3.0m and spending of $2.6m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $3.0m (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2020, when income dropped by 70%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Advocate Hostels Holding Inc 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 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Reality House West ($3.0m), Grant Me Hope ($3.0m) and First Maryland Disability Trust Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 33% of the total. Compensation of current officers, directors and key employees was $182k (7.0% of expenses). At year end it held assets of $33.9m against liabilities of $11.4m, net assets of $22.5m.