Downey Side Inc

Analysis

Downey Side Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in May 1968, 58 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Downey Side Inc reported income of $239k and spending of $343k, spending 143% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $226k to $239k (+5.7%), an average of +1.4% a year. The sharpest change came in the year to June 2022, when income rose by 121%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Downey Side Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Minnie Blessings in Paradise Ministry Inc ($239k), Bridge Ministry of Burton Texas ($239k) and Greene County Food Pantry Inc ($239k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 45% of the total. Other salaries and wages came to $28k. At year end it held assets of $64k against liabilities of $10k, net assets of $54k. It reported 3 employees.