The Utica Center for Development

Analysis

The Utica Center for Development is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, The Utica Center for Development reported income of $2.5m and spending of $2.1m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.5m (+125%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Utica Center for Development sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Csi Kalamazoo Non-Profit Housing Corporation ($2.5m), Congregational Retirement Homes Inc ($2.5m) and Episcopal Retirement Communities ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $94k (4.4% of expenses). At year end it held assets of $6.3m against liabilities of $1.7m, net assets of $4.6m. It reported 45 employees.