Finger Lakes Reuse Inc

Analysis

Finger Lakes Reuse Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Finger Lakes Reuse Inc reported income of $3.2m and spending of $3.5m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.2m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 106% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Finger Lakes Reuse Inc sits at the 90th percentile: it is larger than about 90% 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 Tahoe Fund ($3.2m), The Foundation for Natural Resources and Energy Law ($3.2m) and Carolina Horse Park Foundation ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $95k (2.7% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $1.8m against liabilities of $2.9m, net assets of -$1.1m. It reported 127 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.