Glen Cove Neighborhood Association Inc

Analysis

Glen Cove Neighborhood Association Inc is a registered charity in United States, based in Locust Valley, NY. It received its IRS tax-exemption ruling in July 1947, 79 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Glen Cove Neighborhood Association Inc reported income of $109k and spending of $104k, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $68k to $109k (+60%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 92%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glen Cove Neighborhood Association Inc sits at the 39th percentile: it is larger than about 39% 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 Cut It Forward Incorporated ($109k), Tennessee Intercollegiate State Legislature Foundation ($109k) and PTA California Congress of Parents Teachers & Students Inc ($109k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $328k against liabilities of $0, net assets of $328k.