Long Island Cares Inc

Analysis

Long Island Cares Inc is a registered charity in United States, based in Hauppauge, NY. It received its IRS tax-exemption ruling in June 1981, 45 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 December 2023, Long Island Cares Inc reported income of $34.7m and spending of $35.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.7m to $34.7m (+68%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Long Island Cares Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Twin Towers ($34.7m), Buckner Children and Family Services Inc ($34.7m) and Young Mens Christian Association ($34.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $558k (1.6% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $21.6m against liabilities of $4.0m, net assets of $17.6m. It reported 85 employees.