Backstretch Employee Service Team of New York Inc

Analysis

Backstretch Employee Service Team of New York Inc is a registered charity in United States, based in Elmont, NY. It received its IRS tax-exemption ruling in March 1991, 35 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Backstretch Employee Service Team of New York Inc reported income of $2.4m and spending of $2.1m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.4m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Backstretch Employee Service Team of New York Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Operating Engineers Affirmative Action Training Fund ($2.4m), Harvest Hands Community Development Corporation ($2.4m) and Workforce Development Board Sda-83 Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $186k (9.1% of expenses). At year end it held assets of $2.9m against liabilities of $133k, net assets of $2.8m. It reported 18 employees.