Westcott Community Center Inc

Analysis

Westcott Community Center Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in August 1997, 29 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 (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, Westcott Community Center Inc reported income of $1.8m and spending of $1.6m, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $916k to $1.8m (+94%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Westcott Community Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Building Pathways Inc ($1.8m), Fort Wayne-Allen County Economic Development Alliance Inc ($1.8m) and Moore County Economic Development Partnership ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 0.3% of the total. Other salaries and wages came to $994k. At year end it held assets of $1.3m against liabilities of $154k, net assets of $1.2m. It reported 19 employees.