Troy Area United Ministries Inc

Analysis

Troy Area United Ministries Inc is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in May 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Troy Area United Ministries Inc reported income of $647k and spending of $656k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $734k to $647k (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2022, when income dropped by 15%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Troy Area United Ministries Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Episcopal Management Corporation of Ogden City Inc ($647k), WND News Center ($647k) and Bainbridge Island Parent-Teacher Organization ($647k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $42k (6.4% of expenses). Other salaries and wages came to $118k. At year end it held assets of $513k against liabilities of $11k, net assets of $502k. It reported 12 employees.