St Bonaventure Outreach Corp

Analysis

St Bonaventure Outreach Corp is a registered charity in United States, based in Allegany, NY. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, St Bonaventure Outreach Corp reported income of $119k and spending of $120k, spending 100% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $85k to $119k (+39%), an average of +39% a year. The sharpest change came in the year to August 2023, when income rose by 39%. 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, St Bonaventure Outreach Corp sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Fountain Blues Foundation ($119k), Agape Community Center ($119k) and Marys House at Silver Heels Inc ($119k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $87k against liabilities of $1,526, net assets of $85k.