PSC Community Services Inc

Analysis

PSC Community Services Inc is a registered charity in United States, based in Long Island City, NY. It received its IRS tax-exemption ruling in August 1980, 46 years ago. 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, PSC Community Services Inc reported income of $19.7m and spending of $20.4m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $29.1m to $19.7m (-32%), an average of -9.3% a year. The sharpest change came in the year to June 2021, when income dropped by 18%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, PSC Community Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Utah Nonprofit Housing Corporation ($19.7m), Visiting Nurse Services of Newport and Bristol Counties ($19.7m) and Great Plains Health Alliance Inc ($19.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $634k (3.1% of expenses). Other salaries and wages came to $15.0m. At year end it held assets of $7.6m against liabilities of $3.2m, net assets of $4.4m. It reported 731 employees.