Finger Lakes Ipa Inc

Analysis

Finger Lakes Ipa Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in August 2020, 6 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Finger Lakes Ipa Inc reported income of $4.6m and spending of $3.4m, leaving 26% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $606k to $4.6m (+659%), an average of +50% a year. The sharpest change came in the year to December 2022, when income rose by 522%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Finger Lakes Ipa Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Operating Engineers Apprenticeship Trust Fund Local 649 ($4.6m), Hyles-Anderson College Inc ($4.6m) and Boy Scouts of America ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $236k (6.9% of expenses). Other salaries and wages came to $573k. At year end it held assets of $7.5m against liabilities of $418k, net assets of $7.1m. It reported 12 employees.