Saranac Central

Analysis

Saranac Central is a registered charity in United States, based in Morrisonville, NY. It received its IRS tax-exemption ruling in March 2003, 23 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 July 2023, Saranac Central reported income of $224k and spending of $198k, spending 89% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $209k to $224k (+6.7%), an average of +1.6% a year. The sharpest change came in the year to July 2022, when income rose by 266%. 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, Saranac Central sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Tried & True ($224k), Craven County Health Department Foundation ($224k) and Domestic Violence Network Inc ($224k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Other salaries and wages came to $130k. At year end it held assets of $99k against liabilities of $8,960, net assets of $90k.