Restore Cny Inc

Analysis

Restore Cny Inc is a registered charity in United States, based in Brewerton, NY. It received its IRS tax-exemption ruling in May 2019, 7 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, Restore Cny Inc reported income of $148k and spending of $144k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $148k (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Restore Cny Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Orange Economic Development Corp ($148k), Thriving Grant County Inc ($148k) and Adrian Kiwanis Foundation Inc ($148k).

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 $55k against liabilities of $0, net assets of $55k.