J M Murray Center Inc

Analysis

J M Murray Center Inc is a registered charity in United States, based in Cortland, NY. It received its IRS tax-exemption ruling in April 1968, 58 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, J M Murray Center Inc reported income of $29.2m and spending of $29.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.5m to $29.2m (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, J M Murray Center Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Goodwill Industries of Greater Detroit ($29.1m), T R W I B Inc ($29.3m) and Latino Coalition for Community Leadership ($29.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.5% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $382k (1.3% of expenses). Other salaries and wages came to $12.2m. At year end it held assets of $17.6m against liabilities of $9.0m, net assets of $8.6m. It reported 401 employees.