Henry Street Settlement

Analysis

Henry Street Settlement is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1944, 82 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, Henry Street Settlement reported income of $53.3m and spending of $54.8m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.2m to $53.3m (+23%), an average of +5.4% a year. 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, Henry Street Settlement 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 Stepforward ($53.3m), Making Opportunity Count Inc ($53.4m) and Lutheran Homes Inc ($53.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $668k (1.2% of expenses). Other salaries and wages came to $27.7m. At year end it held assets of $77.0m against liabilities of $12.2m, net assets of $64.8m. It reported 842 employees.