Adirondack Vets House Inc

Analysis

Adirondack Vets House Inc is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in April 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Adirondack Vets House Inc reported income of $228k and spending of $245k, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $169k to $228k (+35%), an average of +7.9% a year. The sharpest change came in the year to September 2023, when income rose by 67%. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Adirondack Vets House Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Kaplan Housing Corporation ($228k), Auburn Affordable Housing Inc ($228k) and Minford Associates Housing Development Fund Corporation ($228k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $110k. At year end it held assets of $266k against liabilities of $6,732, net assets of $259k. It reported 2 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.