Shorefront Ym-Ywha of Brighton- Manhattan Beach Inc

Analysis

Shorefront Ym-Ywha of Brighton- Manhattan Beach Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1992, 34 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 June 2023, Shorefront Ym-Ywha of Brighton- Manhattan Beach Inc reported income of $11.1m and spending of $9.9m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.4m to $11.1m (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shorefront Ym-Ywha of Brighton- Manhattan Beach Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Alianza Nacional de Campesinas Inc ($11.1m), Rescue Mission of Trenton ($11.2m) and The Committee for Hispanic Children and Families Inc ($11.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $250k (2.5% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $12.7m against liabilities of $1.9m, net assets of $10.8m. It reported 244 employees.