Ithaca Community Recovery Inc

Analysis

Ithaca Community Recovery Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, 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 June 2023, Ithaca Community Recovery Inc reported income of $124k and spending of $102k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $129k to $124k (-3.9%), an average of -1.0% a year. The sharpest change came in the year to June 2021, when income dropped by 29%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ithaca Community Recovery Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Pool & Spa Apprenticeship and Training Committee ($124k), Martha Ann Womans Club ($124k) and Syracuse General Electric Employees Federated Community Service Fund ($124k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. At year end it held assets of $640k against liabilities of $43k, net assets of $597k.