122 Community Center Inc

Analysis

122 Community Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1998, 28 years ago. 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 September 2023, 122 Community Center Inc reported income of $583k and spending of $567k, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $418k to $583k (+39%), an average of +8.7% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 122 Community Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include The Cancer Support Community East Tennessee ($583k), Affordable Residences in Chesterfield ($583k) and The Sanctuary of Culture Foundation ($583k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. Other salaries and wages came to $92k. At year end it held assets of $140k against liabilities of $72k, net assets of $68k. It reported 4 employees.