Old First Ward Community Association

Analysis

Old First Ward Community Association is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in November 1979, 47 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 December 2023, Old First Ward Community Association reported income of $778k and spending of $561k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $365k to $778k (+113%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old First Ward Community Association sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include United Way of Bradford County ($778k), Mercy Projects ($778k) and Tucson Gem and Mineral Society Inc ($778k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $72k (13% of expenses). Other salaries and wages came to $205k. At year end it held assets of $808k against liabilities of $439k, net assets of $369k. It reported 25 employees.