New York Therapeutic Communities Inc

Analysis

New York Therapeutic Communities Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1986, 40 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, New York Therapeutic Communities Inc reported income of $6.0m and spending of $6.4m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $6.7m to $6.0m (-11%), an average of -3.6% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Therapeutic Communities Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Greater Green Bay Habitat for Humanity ($6.0m), Back of the Yards Neighborhood Council ($6.0m) and Quality Life Concepts Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $382k (6.0% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $19.3m against liabilities of $2.9m, net assets of $16.4m. It reported 83 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.