Inwood Community Services Inc

Analysis

Inwood Community Services Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1982, 44 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 June 2023, Inwood Community Services Inc reported income of $8.5m and spending of $8.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $8.5m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Inwood Community Services 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 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Public Allies Inc ($8.4m), The Foundry Ministries Inc ($8.5m) and Benton-Franklin Community Action Committee Inc ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $313k (3.8% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $6.7m against liabilities of $4.4m, net assets of $2.3m. It reported 269 employees.