Bronxworks Inc

Analysis

Bronxworks Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 1985, 41 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, Bronxworks Inc reported income of $113.5m and spending of $111.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $74.5m to $113.5m (+52%), an average of +11% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bronxworks Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Sunrise Community Inc ($113.4m), Capital Area Food Bank ($113.9m) and Melmark Inc ($112.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $1.2m (1.1% of expenses). Other salaries and wages came to $51.2m. At year end it held assets of $97.2m against liabilities of $74.6m, net assets of $22.6m. It reported 1,388 employees.