Syracuse Home Association

Analysis

Syracuse Home Association is a registered charity in United States, based in Baldwinsville, NY. It received its IRS tax-exemption ruling in November 1944, 82 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Syracuse Home Association reported income of $16.3m and spending of $17.5m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $17.0m to $16.3m (-4.4%), an average of -1.1% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Syracuse Home Association sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include KVC Health Systems Inc ($16.3m), Parkland Foundation ($16.3m) and Good Samaritan Hospice Inc ($16.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $319k (1.8% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $14.1m against liabilities of $9.4m, net assets of $4.6m. It reported 328 employees.