Jacob a Riis Neighborhood Settlement

Analysis

Jacob a Riis Neighborhood Settlement is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in January 1938, 88 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 2023, Jacob a Riis Neighborhood Settlement reported income of $9.5m and spending of $7.5m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $9.5m (+97%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jacob a Riis Neighborhood Settlement sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include The Childrens Partnership ($9.5m), Iit Madras Foundation ($9.5m) and Self---Support for Early Learning & Families ($9.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $159k (2.1% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $4.5m against liabilities of $1.2m, net assets of $3.3m. It reported 246 employees.