Lower West Side Household Services Corp

Analysis

Lower West Side Household Services Corp is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in October 1975, 51 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, Lower West Side Household Services Corp reported income of $2.3m and spending of $2.3m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $2.3m (+14%), an average of +4.5% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lower West Side Household Services Corp sits at the 84th percentile: it is larger than about 84% 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 Rise Up Industries ($2.3m), Ohio County & Independent Agricultural Societies ($2.3m) and Greater Spokane County Meals on Wheels ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $1.6m (70% of expenses). At year end it held assets of $254k against liabilities of $266k, net assets of -$12k. It reported 90 employees.