St Nicks Alliance Home Care Corp

Analysis

St Nicks Alliance Home Care Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, St Nicks Alliance Home Care Corp reported income of $29.2m and spending of $28.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.2m to $29.2m (+80%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 76%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Nicks Alliance Home Care Corp 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 People for People ($29.2m), Young Mens Christian Association of the Suncoast Inc ($29.2m) and Citizens Acting Together Can Help ($29.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $306k (1.1% of expenses). Other salaries and wages came to $21.9m. At year end it held assets of $11.9m against liabilities of $4.8m, net assets of $7.1m. It reported 912 employees.