Fulton Montgomery and Schoharie Counties Private Industry Council

Analysis

Fulton Montgomery and Schoharie Counties Private Industry Council is a registered charity in United States, based in Amsterdam, NY. It received its IRS tax-exemption ruling in December 1988, 38 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2024, Fulton Montgomery and Schoharie Counties Private Industry Council reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.1m to $1.1m (-2.9%), an average of -0.7% a year. The sharpest change came in the year to June 2021, when income dropped by 28%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fulton Montgomery and Schoharie Counties Private Industry Council sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Center for Success Network ($1.1m), Smithfield Va Events ($1.1m) and Pittsburgh Community Reinvestment Group ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $692k. At year end it held assets of $541k against liabilities of $111k, net assets of $430k. It reported 50 employees.