Our Place in New York Inc

Analysis

Our Place in New York Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 1999, 27 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 September 2023, Our Place in New York Inc reported income of $6.0m and spending of $6.8m, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.7m to $6.0m (+119%), an average of +22% a year. The sharpest change came in the year to September 2021, when income dropped by 100%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Our Place in New York Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Hushabye Nursery ($6.0m), Arc of the Piedmont Inc ($6.0m) and Haitian Youth and Community Center of Florida Inc ($6.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $608k (8.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.7m against liabilities of $18k, net assets of $4.7m. It reported 26 employees.