Bronx House Inc

Analysis

Bronx House Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 1938, 88 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bronx House Inc reported income of $7.7m and spending of $7.2m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $7.7m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bronx House Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include A Torah Infertility Medium of Exchange ($7.7m), Tri-County Young Mens Christian Association Inc ($7.7m) and Power to Decide ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $347k (4.8% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $7.0m against liabilities of $1.5m, net assets of $5.5m. It reported 384 employees.