Deposit Community Center

Analysis

Deposit Community Center is a registered charity in United States, based in Deposit, NY. It received its IRS tax-exemption ruling in October 1999, 27 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 December 2023, Deposit Community Center reported income of $415k and spending of $416k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $415k (+91%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Deposit Community Center sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Dutchess County Sheep & Wool Growers Association Inc ($415k), Palmetto Family Council ($415k) and YMCA of Dyer County Marcheta Sigmon ($415k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $66k (16% of expenses). Other salaries and wages came to $260k. At year end it held assets of $325k against liabilities of $9,512, net assets of $316k. It reported 22 employees.