Nonprofit New York Inc

Analysis

Nonprofit New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1984, 42 years ago. 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, Nonprofit New York Inc reported income of $1.4m and spending of $1.8m, spending 132% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income fell from $1.9m to $1.4m (-27%), an average of -6.1% a year. The sharpest change came in the year to December 2021, when income rose by 440%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nonprofit New York Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Southwest Florida Safety Council Inc ($1.4m), Senior Services of Seattle-King County ($1.4m) and North Shore Health Project Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $245k (14% of expenses). Other salaries and wages came to $683k. At year end it held assets of $1.9m against liabilities of $1.1m, net assets of $838k. It reported 12 employees.