Presbyterian Residential Community Inc

Analysis

Presbyterian Residential Community Inc is a registered charity in United States, based in New Hartford, NY. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Presbyterian Residential Community Inc reported income of $4.9m and spending of $5.5m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $4.9m (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Residential Community Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Sun City Center Community Association Inc ($4.9m), Young Mens Christian Association Somerville ($4.9m) and Youth Continuum Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Other salaries and wages came to $3.2m. At year end it held assets of $3.3m against liabilities of $6.3m, net assets of -$3.0m. It reported 125 employees.