Village of Hamburg Community Foundation

Analysis

Village of Hamburg Community Foundation is a registered charity in United States, based in Hamburg, NY. It received its IRS tax-exemption ruling in March 2021, 5 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 January 2024, Village of Hamburg Community Foundation reported income of $107k and spending of $185k, spending 173% of what it took in. Across the 2 years on record, from January 2023 to January 2024, income fell from $177k to $107k (-39%), an average of -40% a year. The sharpest change came in the year to January 2024, when income dropped by 39%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Village of Hamburg Community Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Junior League of Evansville Inc ($107k), Jamestown Regional Entrepreneur Center ($107k) and Mas for More ($107k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $139k against liabilities of $0, net assets of $139k.