Otsego Rural Housing Assistance Inc

Analysis

Otsego Rural Housing Assistance Inc is a registered charity in United States, based in Milford, NY. It received its IRS tax-exemption ruling in July 1985, 41 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 June 2023, Otsego Rural Housing Assistance Inc reported income of $810k and spending of $913k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $977k to $810k (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Otsego Rural Housing Assistance Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Gunpowder Valley Conservancy Inc ($810k), Boys and Girls Club of Northeast Arkansas Inc ($810k) and Clearwater Day Activity Center Inc ($810k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $56k (6.1% of expenses). Other salaries and wages came to $120k. At year end it held assets of $211k against liabilities of $128k, net assets of $83k. It reported 5 employees.