New York State Industries for the Disabled Inc

Analysis

New York State Industries for the Disabled Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in April 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, New York State Industries for the Disabled Inc reported income of $292.3m and spending of $290.2m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $249.3m to $292.3m (+17%), an average of +4.1% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York State Industries for the Disabled 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 100th percentile within NY. Charities of a similar size with the same main cause include U S Committee for Refugees and Immigrants Inc ($291.9m), Houston Food Bank ($298.5m) and Vassar College ($284.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $377k (0.1% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $95.9m against liabilities of $66.2m, net assets of $29.8m. It reported 88 employees.