Office for Aging Foundation of Mohawk Valley Inc

Analysis

Office for Aging Foundation of Mohawk Valley Inc is a registered charity in United States, based in Amsterdam, NY. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2024, Office for Aging Foundation of Mohawk Valley Inc reported income of $205k and spending of $95k, leaving 54% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income fell from $588k to $205k (-65%), an average of -23% a year. The sharpest change came in the year to March 2024, when income rose by 9010%. Over the whole period it spent 41% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Office for Aging Foundation of Mohawk Valley Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Starfish Project Foundation ($205k), Will to Live Foundation Incorporated ($205k) and Farmers Union Developmental Day Care Inc ($205k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 21% of the total. At year end it held assets of $2.3m against liabilities of $2,477, net assets of $2.3m.