Old Fort Niagara Association Incorporated

Analysis

Old Fort Niagara Association Incorporated is a registered charity in United States, based in Youngstown, NY. It received its IRS tax-exemption ruling in May 1941, 85 years ago. 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, Old Fort Niagara Association Incorporated reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.8m (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Fort Niagara Association Incorporated sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Phoenix Society Inc ($1.8m), Tri County Opportunities Industrialization Center Inc ($1.8m) and Foundation for Fraternal Excellence Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $89k (5.2% of expenses). Other salaries and wages came to $882k. At year end it held assets of $6.4m against liabilities of $481k, net assets of $6.0m. It reported 61 employees.