Congregational Investment Trust 41c017005 990

Analysis

Congregational Investment Trust 41c017005 990 is a registered charity in United States, based in Olean, NY. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 March 2024, Congregational Investment Trust 41c017005 990 reported income of $2.0m and spending of $1.1m, leaving 46% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.6m to $2.0m (+25%), an average of +5.6% a year. The sharpest change came in the year to March 2024, when income rose by 137%. Over the whole period it spent 51% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Congregational Investment Trust 41c017005 990 sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Dugit Messianic Outreach Center ($2.0m), Victory Ranch ($2.0m) and Snowlake Retreat ($2.0m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 41% of the total. Compensation of current officers, directors and key employees was $36k (3.3% of expenses). At year end it held assets of $20.4m against liabilities of $142k, net assets of $20.3m.