United Church Residences of Fredonia New York Inc

Analysis

United Church Residences of Fredonia New York Inc is a registered charity in United States, based in Marion, OH. It received its IRS tax-exemption ruling in March 1994, 32 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 Fredonia New York Inc reported income of $532k and spending of $395k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $341k to $532k (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 91% 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 Fredonia New York Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Cornerstone RHF Housing Inc ($532k), Ucc IV Inc ($532k) and Iowa Tahf ($532k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 29% of the total. Other salaries and wages came to $74k. At year end it held assets of $1.2m against liabilities of $2.7m, net assets of -$1.4m. It reported 3 employees.