Northfield Community LDC of Staten Island Inc

Analysis

Northfield Community LDC of Staten Island Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in July 1979, 47 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 May 2023, Northfield Community LDC of Staten Island Inc reported income of $1.9m and spending of $1.8m, spending 95% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.5m to $1.9m (+26%), an average of +6.0% a year. The sharpest change came in the year to May 2022, when income rose by 39%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northfield Community LDC of Staten Island Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Spearville Senior Living Inc ($1.9m), Time Out Inc ($1.9m) and Habitat for Humanity International Inc ($1.9m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $156k (8.6% of expenses). Other salaries and wages came to $779k. At year end it held assets of $1.2m against liabilities of $930k, net assets of $233k. It reported 25 employees.