The Foundation of the Broome-Tioga Association for Retarded Citizens

Analysis

The Foundation of the Broome-Tioga Association for Retarded Citizens is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Foundation of the Broome-Tioga Association for Retarded Citizens reported income of $266k and spending of $529k, spending 199% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $91k to $266k (+192%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 249%. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Foundation of the Broome-Tioga Association for Retarded Citizens sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include American Friends Fo Haam Hayehudi Btel Aviv Inc ($266k), H O P E for Youth Foundation Inc ($266k) and Cressy Foundation Inc ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $3.6m against liabilities of $1.6m, net assets of $2.1m.