Charles T Sitrin Network of Homes & Services Inc

Analysis

Charles T Sitrin Network of Homes & Services Inc is a registered charity in United States, based in New Hartford, NY. It received its IRS tax-exemption ruling in March 1953, 73 years ago. 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 December 2023, Charles T Sitrin Network of Homes & Services Inc reported income of $3.0m and spending of $3.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $3.0m (+24%), an average of +5.5% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charles T Sitrin Network of Homes & Services Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Bagly Inc ($3.0m), Lamb and Lion Ministries Inc ($3.0m) and Hawaii Health Information Exchange ($3.0m).

Compensation of current officers, directors and key employees was $270k (8.6% of expenses). At year end it held assets of $5.1m against liabilities of $221k, net assets of $4.9m. It reported 58 employees.