Daily Orange Corporation

Analysis

Daily Orange Corporation is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in July 1973, 53 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 July 2023, Daily Orange Corporation reported income of $176k and spending of $171k, spending 97% of its income. Across the 3 years on record, from July 2021 to July 2023, income fell from $223k to $176k (-21%), an average of -11% a year. The sharpest change came in the year to July 2023, when income dropped by 37%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Daily Orange Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Eastern Society for Pediatric Research Inc ($176k), Paws 4 the Cause Inc ($176k) and Friends of the Weymouth Council on Aging Inc ($176k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $8,033 (4.7% of expenses). Other salaries and wages came to $64k. At year end it held assets of $193k against liabilities of $719, net assets of $192k. It reported 80 employees.