United Church Residences of Olean New York Inc

Analysis

United Church Residences of Olean New York Inc is a registered charity in United States, based in Marion, OH. It received its IRS tax-exemption ruling in August 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United Church Residences of Olean New York Inc reported income of $359k and spending of $329k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $338k to $359k (+6.2%), an average of +1.5% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, United Church Residences of Olean New York Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Independence Landing Inc ($358k), Pleasant Street Housing Inc ($359k) and Neighborhood Effort ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 41% of the total. Other salaries and wages came to $56k. At year end it held assets of $1.1m against liabilities of $2.4m, net assets of -$1.3m. It reported 3 employees.