Syracuse YMCA Senior Citizenshousing Development Fund C

Analysis

Syracuse YMCA Senior Citizenshousing Development Fund C is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in December 1980, 46 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, Syracuse YMCA Senior Citizenshousing Development Fund C reported income of $444k and spending of $350k, leaving 21% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $351k to $444k (+26%), an average of +8.1% a year. The sharpest change came in the year to September 2023, when income rose by 24%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Syracuse YMCA Senior Citizenshousing Development Fund C sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Forsyth Development Foundation ($444k), Mercy Keepers Inc ($444k) and Homeless Services United Inc ($443k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $23k. At year end it held assets of $1.5m against liabilities of $1.6m, net assets of -$136k.