Oswego Industries Inc

Analysis

Oswego Industries Inc is a registered charity in United States, based in Fulton, NY. It received its IRS tax-exemption ruling in July 1978, 48 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Oswego Industries Inc reported income of $6.9m and spending of $7.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.5m to $6.9m (-7.6%), an average of -2.0% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oswego Industries Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include The Toy Foundation Inc ($6.9m), Ozark Opportunities Inc ($6.9m) and Westminster Economic Developmentinitiative Inc ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $56k (0.8% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $4.0m against liabilities of $929k, net assets of $3.1m. It reported 154 employees.