Victim Resource Center of the Finger Lakes Inc

Analysis

Victim Resource Center of the Finger Lakes Inc is a registered charity in United States, based in Newark, NY. It received its IRS tax-exemption ruling in January 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Victim Resource Center of the Finger Lakes Inc reported income of $1.2m and spending of $1.1m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $910k to $1.2m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Victim Resource Center of the Finger Lakes Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Angels on Wheels Inc ($1.2m), Rancho Feliz Charitable Foundation Inc ($1.2m) and Westminster-Canterbury Child Care Center ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $90k (8.1% of expenses). Other salaries and wages came to $540k. At year end it held assets of $1.2m against liabilities of $451k, net assets of $709k. It reported 17 employees.