Saratoga County Prosperity Partnership Inc

Analysis

Saratoga County Prosperity Partnership Inc is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in June 2016, 10 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 December 2023, Saratoga County Prosperity Partnership Inc reported income of $93k and spending of $111k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $832k to $93k (-89%), an average of -42% a year. The sharpest change came in the year to December 2022, when income dropped by 89%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Saratoga County Prosperity Partnership Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Jackson Hole Working ($93k), Willamette Valley Wine Foundation ($93k) and Live Oak Classical Foundation ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $173k against liabilities of $0, net assets of $173k.