Commonpoint Ny Inc

Analysis

Commonpoint Ny Inc is a registered charity in United States, based in Little Neck, NY. It received its IRS tax-exemption ruling in August 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, Commonpoint Ny Inc reported income of $71.3m and spending of $66.4m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $37.8m to $71.3m (+88%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Commonpoint Ny Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Ride Connection Inc ($71.1m), Nysarc Inc ($71.3m) and By the Bay Health ($70.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $1.3m (1.9% of expenses). Other salaries and wages came to $32.9m. At year end it held assets of $71.5m against liabilities of $21.4m, net assets of $50.2m. It reported 2,408 employees.