Nassau Center Residential Development Corp

Analysis

Nassau Center Residential Development Corp is a registered charity in United States, based in Woodbury, NY. It received its IRS tax-exemption ruling in August 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nassau Center Residential Development Corp reported income of $86k and spending of $106k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $86k (+0.5%), an average of +0.5% a year. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nassau Center Residential Development Corp sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Highlands Womans Club ($86k), Vermont Golf Association Scholarship Fund Inc ($86k) and PTA California Congress of Parents Teachers & Students Inc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. At year end it held assets of $238k against liabilities of $592k, net assets of -$354k.