Allegany Council on Alcoholism and Substance Abuse Inc

Analysis

Allegany Council on Alcoholism and Substance Abuse Inc is a registered charity in United States, based in Wellsville, NY. It received its IRS tax-exemption ruling in May 1993, 33 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, Allegany Council on Alcoholism and Substance Abuse Inc reported income of $3.1m and spending of $3.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $3.1m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Allegany Council on Alcoholism and Substance Abuse Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Broach School of Jacksonville Inc ($3.1m), Boys & Girls Club of Collin County ($3.1m) and Boys Club of Wichita Falls ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $174k (5.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.6m against liabilities of $633k, net assets of $2.0m. It reported 69 employees.