Friends of Ganondagan Inc

Analysis

Friends of Ganondagan Inc is a registered charity in United States, based in Victor, NY. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 March 2023, Friends of Ganondagan Inc reported income of $621k and spending of $516k, spending 83% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $1.3m to $621k (-54%), an average of -18% a year. The sharpest change came in the year to March 2022, when income rose by 191%. Over the whole period it spent 50% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Ganondagan Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Disabledperson Inc ($620k), Mayfair Business Improvement District Inc ($621k) and Myrtle Avenue District Management Association Inc ($620k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 91% and program service revenue 2.5% of the total. Other salaries and wages came to $126k. At year end it held assets of $2.3m against liabilities of $56k, net assets of $2.3m. It reported 6 employees.