Fulton County Community Heritage Corp

Analysis

Fulton County Community Heritage Corp is a registered charity in United States, based in Gloversville, NY. It received its IRS tax-exemption ruling in February 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fulton County Community Heritage Corp reported income of $610k and spending of $771k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $762k to $610k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2021, when income dropped by 60%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fulton County Community Heritage Corp sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Greater Napa Fair Housing Center ($610k), Genesis House Inc ($610k) and Habitat for Humanity International Inc ($610k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $62k (8.0% of expenses). Other salaries and wages came to $93k. At year end it held assets of $2.7m against liabilities of $2.2m, net assets of $581k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.