Home Aides of Central New York Inc

Analysis

Home Aides of Central New York Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in November 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Home Aides of Central New York Inc reported income of $4.3m and spending of $5.9m, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.0m to $4.3m (-38%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 34%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home Aides of Central New York Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Evergreen Child Care Inc ($4.3m), Community Housing Options Integrated Comm Emp & Soc Serv Inc ($4.3m) and Burlington Community Action Partnership Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 97% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $729k against liabilities of $5.0m, net assets of -$4.3m. It reported 160 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.