Southeast Bronx Neighborhood Centers Inc

Analysis

Southeast Bronx Neighborhood Centers Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 1971, 55 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 June 2023, Southeast Bronx Neighborhood Centers Inc reported income of $16.1m and spending of $15.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.3m to $16.1m (+5.2%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southeast Bronx Neighborhood Centers Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Faculty Practice Foundation Inc ($16.1m), Portsmouth Community Health Center Inc ($16.1m) and Washington School Principals Education Foundation ($16.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $537k (3.4% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $7.0m against liabilities of $1.4m, net assets of $5.6m. It reported 224 employees.