Seneca Street Community Development Corporation

Analysis

Seneca Street Community Development Corporation is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Seneca Street Community Development Corporation reported income of $623k and spending of $398k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $271k to $623k (+130%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 58%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Seneca Street Community Development Corporation sits at the 71st percentile: it is larger than about 70% 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 Hope Haven Area Development Center Foundation ($623k), Long Island Development Corporation ($624k) and Believers United in Local Development ($623k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $153k. At year end it held assets of $1.0m against liabilities of $98k, net assets of $928k. It reported 5 employees.