Associated Catholic Charities for Community Development at Broome Co

Analysis

Associated Catholic Charities for Community Development at Broome Co is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in March 1969, 57 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, Associated Catholic Charities for Community Development at Broome Co reported income of $538k and spending of $910k, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $976k to $538k (-45%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 345%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Associated Catholic Charities for Community Development at Broome Co sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Peoples Pantry at Church Road ($538k), Solihten Institute Inc ($538k) and Divine Center Inc ($538k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 7.0% of the total. At year end it held assets of $9.6m against liabilities of $679k, net assets of $8.9m.