Oswego County Development Corp

Analysis

Oswego County Development Corp is a registered charity in United States, based in Fulton, NY. It received its IRS tax-exemption ruling in December 2014, 12 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, Oswego County Development Corp reported income of $654k and spending of $483k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $100k to $654k (+554%), an average of +60% a year. The sharpest change came in the year to December 2022, when income rose by 247%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oswego County Development Corp sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Mother Marys Sober Home Inc ($654k), Mount Zion Madison Street Properties ($654k) and Colorado Association of Realtors Foundation ($654k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $360k. At year end it held assets of $1.1m against liabilities of $275, net assets of $1.1m. It reported 10 employees.