North Yonkers Preservation and Development Corp

Analysis

North Yonkers Preservation and Development Corp is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in June 1980, 46 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 December 2022, North Yonkers Preservation and Development Corp reported income of $258k and spending of $272k, spending 105% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $237k to $258k (+8.6%), an average of +2.8% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, North Yonkers Preservation and Development Corp sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Magic Mountain Childrens Center Inc ($258k), International Health and Early Learning Programs ($258k) and Grande Center for Education and Economic Opportunity ($258k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $46k (17% of expenses). Other salaries and wages came to $68k. At year end it held assets of $180k against liabilities of $28k, net assets of $153k. It reported 5 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.