Syracuse Model Neighborhood Corp

Analysis

Syracuse Model Neighborhood Corp is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in June 1973, 53 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 April 2024, Syracuse Model Neighborhood Corp reported income of $3.4m and spending of $3.0m, spending 89% of its income. Across the 6 years on record, from April 2019 to April 2024, income grew from $1.5m to $3.4m (+122%), an average of +17% a year. The sharpest change came in the year to April 2022, when income rose by 48%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Syracuse Model Neighborhood Corp sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include The Village at Mercy Creek ($3.4m), House of Freedom Inc ($3.4m) and Highland Lakes Crisis Network ($3.3m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 53% and program service revenue 21% of the total. At year end it held assets of $865k against liabilities of $1.3m, net assets of -$414k.