New York Institute for Human Development Inc

Analysis

New York Institute for Human Development Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1967, 59 years ago. 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 December 2023, New York Institute for Human Development Inc reported income of $5.8m and spending of $7.6m, spending 132% of what it took in. Across the 6 years on record, from August 2019 to December 2023, income fell from $6.0m to $5.8m (-3.2%), an average of -0.7% a year. The sharpest change came in the year to December 2022, when income rose by 3012%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Institute for Human Development 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 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include St Gerards Community of Care ($5.8m), Habitat for Humanity International Inc ($5.8m) and Mid-Peninsula Education Center Inc ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $511k (6.7% of expenses). Other salaries and wages came to $799k. At year end it held assets of $48.0m against liabilities of $39.7m, net assets of $8.3m. It reported 10 employees.