First Ward Action Council Inc

Analysis

First Ward Action Council Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in August 1983, 43 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, First Ward Action Council Inc reported income of $2.7m and spending of $1.9m, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $2.7m (+27%), an average of +6.2% a year. The sharpest change came in the year to September 2022, when income rose by 37%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, First Ward Action Council Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Catholic Charities Housing Development Corporation ($2.7m), Habitat for Humanity Merced Stanisl Aus Counties ($2.7m) and Community Linc ($2.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 41% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $80k (4.2% of expenses). Other salaries and wages came to $484k. At year end it held assets of $13.9m against liabilities of $4.9m, net assets of $9.0m. It reported 28 employees.