Syracuse Home Asociation Foundation

Analysis

Syracuse Home Asociation Foundation is a registered charity in United States, based in Baldwinsville, NY. It received its IRS tax-exemption ruling in November 1985, 41 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Syracuse Home Asociation Foundation reported income of $332k and spending of $344k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $320k to $332k (+3.9%), an average of +1.0% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Syracuse Home Asociation Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include The Core Center ($332k), Hometown Heroes Inc ($332k) and Knapp Medical Group ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% of the total. Compensation of current officers, directors and key employees was $50k (15% of expenses). At year end it held assets of $6.8m against liabilities of $9,100, net assets of $6.8m.