Port Chester Carver Center Inc

Analysis

Port Chester Carver Center Inc is a registered charity in United States, based in Port Chester, NY. It received its IRS tax-exemption ruling in July 1964, 62 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, Port Chester Carver Center Inc reported income of $4.2m and spending of $3.9m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $4.2m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 41%. 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, Port Chester Carver Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Hourcar ($4.2m), Young Mens Christian Association of Old Town and Orono ($4.2m) and Monarch Services-Servicios Monarca ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $338k (8.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $7.0m against liabilities of $256k, net assets of $6.7m. It reported 99 employees.