One Seventy One Cedar Inc

Analysis

One Seventy One Cedar Inc is a registered charity in United States, based in Corning, NY. It received its IRS tax-exemption ruling in November 1969, 57 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 August 2023, One Seventy One Cedar Inc reported income of $1000k and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.5m to $1000k (-33%), an average of -9.5% a year. The sharpest change came in the year to August 2020, when income dropped by 33%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, One Seventy One Cedar Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include The Caring Center Inc ($1000k), Habitat for Humanity International Inc ($1000k) and Boy Scouts of America ($1000k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 52% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $176k (17% of expenses). Other salaries and wages came to $356k. At year end it held assets of $5.1m against liabilities of $103k, net assets of $5.0m. It reported 46 employees.