The New York Milk Bank Inc

Analysis

The New York Milk Bank Inc is a registered charity in United States, based in Valhalla, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, The New York Milk Bank Inc reported income of $1.8m and spending of $1.5m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.8m (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The New York Milk Bank Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Foxg1 Research Inc ($1.8m), Care Beyond the Boulevard Inc ($1.8m) and Louisiana Association on Compulsive Gambling ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.5% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $135k (8.9% of expenses). Other salaries and wages came to $461k. At year end it held assets of $1.5m against liabilities of $467k, net assets of $1.0m. It reported 14 employees.