The Caring Coalition of Central New York

Analysis

The Caring Coalition of Central New York is a registered charity in United States, based in Liverpool, NY. It received its IRS tax-exemption ruling in June 1976, 50 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 May 2023, The Caring Coalition of Central New York reported income of $10.2m and spending of $10.7m, spending 105% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $9.2m to $10.2m (+10%), an average of +2.5% a year. 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, The Caring Coalition of Central New York sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Ascension Depaul Services Fund ($10.2m), North Jersey Friendship House Inc ($10.2m) and Habitat for Humanity International Inc ($10.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 10% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $692k (6.5% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $14.4m against liabilities of $566k, net assets of $13.8m. It reported 163 employees.