Catskill Revitalization Corporation

Analysis

Catskill Revitalization Corporation is a registered charity in United States, based in Arkville, NY. It received its IRS tax-exemption ruling in May 1987, 39 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Catskill Revitalization Corporation reported income of $1.0m and spending of $786k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.0m (+1.8%), an average of +0.4% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Catskill Revitalization Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Penn Northwest Development Corporation ($1.0m), Generator Inc ($1.0m) and Community Builders ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $70k (8.9% of expenses). Other salaries and wages came to $117k. At year end it held assets of $2.8m against liabilities of $554k, net assets of $2.2m. It reported 8 employees.