Syracuse Model Neighborhood Facility Inc

Analysis

Syracuse Model Neighborhood Facility Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in June 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Syracuse Model Neighborhood Facility Inc reported income of $3.0m and spending of $3.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.0m to $3.0m (-39%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Syracuse Model Neighborhood Facility Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include St Elizabeth Adult Day Care Center ($3.0m), Brighter Family Resource Center Inc ($3.0m) and A Brighter Community Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $178k (5.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.1m against liabilities of $443k, net assets of $2.6m. It reported 85 employees.