Amboy Properties Corporation

Analysis

Amboy Properties Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Amboy Properties Corporation reported income of $1.9m and spending of $823k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.9m (-1.3%), an average of -0.3% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 45% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Amboy Properties Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Washington Elks Therapy Program for Children Inc ($1.9m), Compass Mark Inc ($1.9m) and Cottage Ambulance Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $18.4m against liabilities of $21.1m, net assets of -$2.7m.