Castorland Associates

Analysis

Castorland Associates is a registered charity in United States, based in Castorland, NY. It received its IRS tax-exemption ruling in February 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Castorland Associates reported income of $189k and spending of $168k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $152k to $189k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Castorland Associates sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Greater Lake City Community Development Corporation Inc ($189k), Hempel House ($189k) and St Ritas of Lafayette Inc ($189k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $31k (18% of expenses). Other salaries and wages came to $17k. At year end it held assets of $586k against liabilities of $738k, net assets of -$152k. It reported 3 employees.