Niagara Tobacco Asset Securitization Corp

Analysis

Niagara Tobacco Asset Securitization Corp is a registered charity in United States, based in Lockport, NY. It received its IRS tax-exemption ruling in August 2002, 24 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, Niagara Tobacco Asset Securitization Corp reported income of $3.7m and spending of $3.2m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $3.7m (+16%), an average of +3.7% a year. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Niagara Tobacco Asset Securitization Corp sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Muskogee Organization Narcotic & Alcohol Referral Counseling Help ($3.7m), Ninety-Nines Inc ($3.7m) and Habitat for Humanity ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $7.2m against liabilities of $59.1m, net assets of -$51.9m.