Pride of Ticonderoga Inc

Analysis

Pride of Ticonderoga Inc is a registered charity in United States, based in Ticonderoga, NY. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover community improvement and capacity building, 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 2023, Pride of Ticonderoga Inc reported income of $985k and spending of $958k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $433k to $985k (+127%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 275%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pride of Ticonderoga Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Professional Women in Construction Inc ($984k), Economic Development on Third ($985k) and Institute for Conservation Leadership ($983k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $57k (5.9% of expenses). Other salaries and wages came to $33k. At year end it held assets of $404k against liabilities of $84k, net assets of $320k. It reported 3 employees.