New York Road Runners Inc

Analysis

New York Road Runners Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2008, 18 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 March 2024, New York Road Runners Inc reported income of $116.7m and spending of $111.0m, spending 95% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $113.1m to $116.7m (+3.1%), an average of +0.6% a year. The sharpest change came in the year to March 2022, when income rose by 46%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Road Runners 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 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Singing River Gulfport ($116.1m), Point Park University ($116.9m) and Neighborhood Association for Inter Cultural Affairs Inc ($115.9m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 47% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $1.4m (1.2% of expenses). Other salaries and wages came to $28.1m. It paid $143k in professional fundraising fees. At year end it held assets of $184.5m against liabilities of $90.0m, net assets of $94.5m. It reported 903 employees.