Broome County Community Charities Inc

Analysis

Broome County Community Charities Inc is a registered charity in United States, based in Endicott, NY. It received its IRS tax-exemption ruling in July 1974, 52 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Broome County Community Charities Inc reported income of $5.9m and spending of $6.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $5.9m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 362%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Broome County Community Charities Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Chattanooga Chamber Foundation ($5.9m), Tulsa Jewish Community Council Jewish Federation of Tulsa ($5.9m) and Napa Valley Vintners Healthy Community Fund ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $221k (3.6% of expenses). Other salaries and wages came to $366k. At year end it held assets of $2.8m against liabilities of $469k, net assets of $2.4m. It reported 7 employees.