Bishops Commons Inc

Analysis

Bishops Commons Inc is a registered charity in United States, based in Oswego, NY. It received its IRS tax-exemption ruling in January 1999, 27 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, Bishops Commons Inc reported income of $3.2m and spending of $3.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.2m (+13%), an average of +3.1% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bishops Commons Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Housing Development Center Inc ($3.2m), Housing Unlimited Inc ($3.2m) and The Turner Foundation - Since 1958 ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $125k (3.6% of expenses). Other salaries and wages came to $561k. At year end it held assets of $4.3m against liabilities of $5.3m, net assets of -$1.0m. It reported 60 employees.