Kingsbridge Heights Community Center Inc

Analysis

Kingsbridge Heights Community Center Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 1976, 50 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, Kingsbridge Heights Community Center Inc reported income of $14.8m and spending of $14.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.2m to $14.8m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kingsbridge Heights Community Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Progress Unlimited Inc ($14.8m), Chinese Mutual Aid Association Inc ($14.8m) and The San Francisco Particular Council of the Society of St ($14.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $167k (1.1% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $3.4m against liabilities of $2.2m, net assets of $1.2m. It reported 227 employees.