Marie a Russo Neighborhood Center Institute Inc

Analysis

Marie a Russo Neighborhood Center Institute Inc is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Marie a Russo Neighborhood Center Institute Inc reported income of $178k and spending of $141k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $162k to $178k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2023, when income rose by 110%. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Marie a Russo Neighborhood Center Institute Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Pop Warner Little Scholars Inc ($178k), Residuary Trust Under Will of H Ogden Brainard DTD 072590 ($178k) and Morrie Miller Athletic Foundation ($178k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $2.2m against liabilities of $65k, net assets of $2.2m.