Coney Island Site Nine Houses Inc

Analysis

Coney Island Site Nine Houses Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1975, 51 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Coney Island Site Nine Houses Inc reported income of $3.1m and spending of $2.9m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.1m (+16%), an average of +3.9% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Coney Island Site Nine Houses Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Non-Profit Housing Association of Northern California ($3.1m), Friendship House III Inc ($3.1m) and Westminister Towers Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 95% of the total. Other salaries and wages came to $146k. At year end it held assets of $13.0m against liabilities of $9.4m, net assets of $3.6m. It reported 5 employees.