The New York Community Trust

Analysis

The New York Community Trust is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1959, 67 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, The New York Community Trust reported income of $282.5m and spending of $238.4m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $257.6m to $282.5m (+9.6%), an average of +2.3% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The New York Community Trust 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 The Jewish Federations of North America Inc ($278.7m), United States Energy Foundation ($286.0m) and Assets Under Movement ($273.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. Compensation of current officers, directors and key employees was $4.0m (1.7% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $3.25bn against liabilities of $75.1m, net assets of $3.17bn. It reported 73 employees.