Griffiss Utility Services Corporation

Analysis

Griffiss Utility Services Corporation is a registered charity in United States, based in Rome, NY. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Griffiss Utility Services Corporation reported income of $11.2m and spending of $9.6m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.3m to $11.2m (+8.5%), an average of +2.1% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Griffiss Utility Services Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Tolstoy Foundation Nursing Home Company Inc ($11.2m), SMTS Inc ($11.2m) and Padua Village Inc ($11.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. Compensation of current officers, directors and key employees was $633k (6.6% of expenses). Other salaries and wages came to $429k. At year end it held assets of $58.1m against liabilities of $1.2m, net assets of $56.9m. It reported 9 employees.