Allegany County Community Opportunities and Rural Developmen

Analysis

Allegany County Community Opportunities and Rural Developmen is a registered charity in United States, based in Belmont, NY. It received its IRS tax-exemption ruling in September 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2023, Allegany County Community Opportunities and Rural Developmen reported income of $7.3m and spending of $7.1m, spending 97% of its income. Across the 4 years on record, from February 2020 to February 2023, income grew from $7.0m to $7.3m (+4.3%), an average of +1.4% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Allegany County Community Opportunities and Rural Developmen 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 92nd percentile within NY. Charities of a similar size with the same main cause include Riordan Clinic Inc ($7.3m), Ky Hospital Research & Education Foundation Inc ($7.3m) and Masonic Center for Health and Rehab Inc ($7.3m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $94k (1.3% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $3.2m against liabilities of $1.1m, net assets of $2.1m. It reported 128 employees.