Friends of the North Country Inc

Analysis

Friends of the North Country Inc is a registered charity in United States, based in Cadyville, NY. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2023, Friends of the North Country Inc reported income of $4.7m and spending of $4.6m, spending 98% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $5.1m to $4.7m (-8.8%), an average of -2.3% a year. The sharpest change came in the year to March 2020, when income dropped by 55%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friends of the North Country Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Koochiching Health Services ($4.7m), Affordable Housing America Inc ($4.7m) and Opal Community Land Trust ($4.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $178k (3.9% of expenses). Other salaries and wages came to $408k. At year end it held assets of $1.5m against liabilities of $525k, net assets of $960k. It reported 13 employees.