New York Edge Inc

Analysis

New York Edge Inc is a registered charity in United States, based in Woodside, NY. It received its IRS tax-exemption ruling in November 1992, 34 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, New York Edge Inc reported income of $66.2m and spending of $63.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $45.7m to $66.2m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New York Edge Inc sits at the 100th 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 National Football League Foundation ($61.6m), Goodwill Industries International Inc ($71.0m) and USA Hockey Inc ($54.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $997k (1.6% of expenses). Other salaries and wages came to $38.2m. At year end it held assets of $33.1m against liabilities of $25.1m, net assets of $8.0m. It reported 2,429 employees.