Finger Lakes Area Counseling and Recovery Agency Inc

Analysis

Finger Lakes Area Counseling and Recovery Agency Inc is a registered charity in United States, based in Clifton Springs, NY. It received its IRS tax-exemption ruling in January 1977, 49 years ago. 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, Finger Lakes Area Counseling and Recovery Agency Inc reported income of $35.5m and spending of $31.2m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.0m to $35.5m (+61%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Finger Lakes Area Counseling and Recovery Agency 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 American Water Works Association ($35.4m), Vna Home Health Services ($35.5m) and University of Alabama Huntsville Foundation ($35.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $443k (1.4% of expenses). Other salaries and wages came to $18.8m. At year end it held assets of $17.3m against liabilities of $10.0m, net assets of $7.3m. It reported 747 employees.