St Margarets Corporation of Utica Ny

Analysis

St Margarets Corporation of Utica Ny is a registered charity in United States, based in New Hartford, NY. It received its IRS tax-exemption ruling in August 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Margarets Corporation of Utica Ny reported income of $825k and spending of $927k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $594k to $825k (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Margarets Corporation of Utica Ny 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 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Peppertree Centers Inc ($825k), Country Care Hospice Inc ($825k) and Family Bridges ($824k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% and program service revenue 51% of the total. Other salaries and wages came to $488k. At year end it held assets of $9.1m against liabilities of $40k, net assets of $9.0m. It reported 22 employees.