Community Options New York Inc

Analysis

Community Options New York Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Community Options New York Inc reported income of $37.8m and spending of $34.1m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.5m to $37.8m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Options New York 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 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Galloway Ridge Inc ($37.4m), Harbor Homes Inc ($37.9m) and Achievement Unlimited Inc ($37.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $365k (1.1% of expenses). Other salaries and wages came to $22.0m. At year end it held assets of $33.5m against liabilities of $20.4m, net assets of $13.1m. It reported 828 employees.