Manhasset Great Neck Economic Opportunity Council

Analysis

Manhasset Great Neck Economic Opportunity Council is a registered charity in United States, based in Manhasset, NY. It received its IRS tax-exemption ruling in August 2000, 26 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 July 2023, Manhasset Great Neck Economic Opportunity Council reported income of $951k and spending of $964k, spending 101% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $901k to $951k (+5.6%), an average of +1.4% a year. The sharpest change came in the year to July 2020, when income dropped by 24%. 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, Manhasset Great Neck Economic Opportunity Council sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Kids Early Education Zone Inc ($951k), East Shore Regional Adult Daycare Center Inc ($951k) and Parenting Cottage Inc ($950k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $488k. At year end it held assets of $1.3m against liabilities of $307k, net assets of $978k. It reported 37 employees.