Greater New York Hearing and Speech Society

Analysis

Greater New York Hearing and Speech Society is a registered charity in United States, based in New Hyde Park, NY. It received its IRS tax-exemption ruling in September 1953, 73 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 December 2023, Greater New York Hearing and Speech Society reported income of $168k and spending of $266k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $96k to $168k (+75%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 200%. Over the whole period it spent 214% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater New York Hearing and Speech Society sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Midland Explorers Boosters Inc ($168k), PTA Colorado Congress ($168k) and New York State Council Knights of Columbus Charities Inc ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Other salaries and wages came to $4,759. At year end it held assets of $3.6m against liabilities of $6,000, net assets of $3.6m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.