Adrean-Matt Resident Association Inc

Analysis

Adrean-Matt Resident Association Inc is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in March 2022, 4 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Adrean-Matt Resident Association Inc reported income of $53k and spending of $53k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $35k to $53k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Adrean-Matt Resident Association Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Erie Canal Housing Development Fundcompany Inc ($53k), All for Ava ($53k) and Rochdale Association Incorporated ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $31k, net assets of $0.