Weaverland Financial Aid of Newyork

Analysis

Weaverland Financial Aid of Newyork is a registered charity in United States, based in Seneca Falls, NY. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 July 2023, Weaverland Financial Aid of Newyork reported income of $1.2m and spending of $1.1m, spending 90% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $619k to $1.2m (+92%), an average of +18% a year. The sharpest change came in the year to July 2023, when income rose by 114%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Weaverland Financial Aid of Newyork sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Semihan Early Learning Academy ($1.2m), Boulder Day Nursery ($1.2m) and Resources for Independent Living Inc ($1.2m).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $24.6m against liabilities of $24.3m, net assets of $281k.