The Dennelisse Corp

Analysis

The Dennelisse Corp is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 1987, 39 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 June 2023, The Dennelisse Corp reported income of $4.3m and spending of $5.6m, spending 132% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $4.6m to $4.3m (-8.0%), an average of -2.7% a year. The sharpest change came in the year to June 2022, when income dropped by 28%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Dennelisse Corp sits at the 91st percentile: it is larger than about 91% 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 De LA Salle Education Center ($4.3m), Inspire Arts and Music Inc ($4.3m) and Boston Celtics Shamrock Foundation Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 2.0% of the total. Other salaries and wages came to $3.3m. At year end it held assets of $2.5m against liabilities of $2.6m, net assets of -$177k. It reported 185 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.