Ticonderoga Revitalization Alliance Inc

Analysis

Ticonderoga Revitalization Alliance Inc is a registered charity in United States, based in Ticonderoga, NY. It received its IRS tax-exemption ruling in November 2013, 13 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, Ticonderoga Revitalization Alliance Inc reported income of $779k and spending of $329k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $154k to $779k (+406%), an average of +50% a year. The sharpest change came in the year to December 2020, when income rose by 1265%. Over the whole period it spent 23% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ticonderoga Revitalization Alliance Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include One East Kentucky Corporation ($778k), Burke Partnership for Economic Development Inc ($779k) and Junior League of Greenville Inc ($778k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $82k (25% of expenses). Other salaries and wages came to $89k. At year end it held assets of $4.4m against liabilities of $4,723, net assets of $4.4m. It reported 6 employees.