Central Harlem Senior Citizens Centers Inc

Analysis

Central Harlem Senior Citizens Centers Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1977, 49 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, Central Harlem Senior Citizens Centers Inc reported income of $2.3m and spending of $2.6m, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $2.3m (+11%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Harlem Senior Citizens Centers Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Mid-County Soccer Association Incorporated ($2.3m), Products That Count ($2.3m) and Saint Johns Senior Citizen Housing Development Fund Company Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.6m (61% of expenses). At year end it held assets of $762k against liabilities of $880k, net assets of -$118k. It reported 28 employees.