Bowery Residents Committee Inc

Analysis

Bowery Residents Committee Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1973, 53 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, Bowery Residents Committee Inc reported income of $182.4m and spending of $180.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $93.4m to $182.4m (+95%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bowery Residents Committee Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Kinvara Inc ($179.7m), Hamaspik of Kings County Inc ($184.9m) and AARP Foundation ($175.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $1.2m (0.7% of expenses). Other salaries and wages came to $67.6m. It paid $26k in professional fundraising fees. At year end it held assets of $335.9m against liabilities of $316.5m, net assets of $19.4m. It reported 1,924 employees.