Future for Oneonta Foundation Inc

Analysis

Future for Oneonta Foundation Inc is a registered charity in United States, based in Oneonta, NY. It received its IRS tax-exemption ruling in December 1982, 44 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, Future for Oneonta Foundation Inc reported income of $124k and spending of $79k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $124k (+91%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Future for Oneonta Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Little League Baseball Inc ($124k), Voices for the Unborn Inc ($124k) and Southern Brooks Volunteer Fire Department Inc ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. Other salaries and wages came to $13k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 1 employees.