Morrisania Revitalization Corp Inc

Analysis

Morrisania Revitalization Corp Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 2021, 5 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 2021, Morrisania Revitalization Corp Inc reported income of $3.9m and spending of $2.7m, leaving 30% of income unspent that year. Across the 3 years on record, from June 2019 to June 2021, income grew from $425k to $3.9m (+813%), an average of +202% a year. The sharpest change came in the year to June 2021, when income rose by 1174%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Morrisania Revitalization Corp Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include William Way LGBT Community Center ($3.9m), Note in the Pocket Inc ($3.9m) and Good Samaritan Center of San Antonio ($3.9m).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $143k (5.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.6m against liabilities of $3,000, net assets of $1.6m. It reported 29 employees.