Honesdale Communities That Care Inc

Analysis

Honesdale Communities That Care Inc is a registered charity in United States, based in Honesdale, PA. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Honesdale Communities That Care Inc reported income of $55k and spending of $55k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $51k to $55k (+7.6%), an average of +1.8% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Honesdale Communities That Care Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within PA. Charities of a similar size with the same main cause include Gordon Lee Highschool Athletic Boosters Association Inc ($55k), Riverside Public Library Assoc ($55k) and Friends of the Clifton Park- Halfmoon Public Library Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $35k (63% of expenses). Other salaries and wages came to $5,765. At year end it held assets of $41k against liabilities of $961, net assets of $40k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.