Syracuse General Electric Employees Federated Community Service Fund

Analysis

Syracuse General Electric Employees Federated Community Service Fund is a registered charity in United States, based in Liverpool, NY. It received its IRS tax-exemption ruling in March 1953, 73 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Syracuse General Electric Employees Federated Community Service Fund reported income of $124k and spending of $83k, leaving 33% of income unspent that year. Across the 5 years on record, from January 2020 to December 2023, income fell from $334k to $124k (-63%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Syracuse General Electric Employees Federated Community Service Fund 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 Carbondale Center for Small Business Technology Transfer Inc ($124k), Pool & Spa Apprenticeship and Training Committee ($124k) and McCool Community Improvement Foundation ($124k).

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 $79k against liabilities of $265, net assets of $79k.