Toomey Residential and Community Services Corp

Analysis

Toomey Residential and Community Services Corp is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in May 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 June 2024, Toomey Residential and Community Services Corp reported income of $11.7m and spending of $11.6m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $10.4m to $11.7m (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Toomey Residential and Community Services Corp 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 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Urban League of Greater Southwestern Ohio ($11.7m), Albany County Opportunity Incorporated ($11.7m) and Outreach Community Ministries Inc ($11.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $147k (1.3% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $8.2m against liabilities of $2.9m, net assets of $5.3m. It reported 200 employees.