Jewish Federation of Broome County Inc

Analysis

Jewish Federation of Broome County Inc is a registered charity in United States, based in Vestal, NY. It received its IRS tax-exemption ruling in September 1990, 36 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, Jewish Federation of Broome County Inc reported income of $604k and spending of $597k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $712k to $604k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jewish Federation of Broome County Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Black Joy Parade ($603k), Scentsy Family Foundation Inc ($604k) and Gemah Bet Yisrael Inc ($603k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $38k (6.4% of expenses). Other salaries and wages came to $110k. At year end it held assets of $2.5m against liabilities of $24k, net assets of $2.4m. It reported 7 employees.