Manhattan Youth Recreation and Resources Inc

Analysis

Manhattan Youth Recreation and Resources Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Manhattan Youth Recreation and Resources Inc reported income of $21.6m and spending of $21.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.5m to $21.6m (+5.4%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Manhattan Youth Recreation and Resources 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 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Boys and Girls Clubs of Dorchester Inc ($21.4m), Young Community Developers ($22.4m) and Camp for All Foundation ($21.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $245k (1.1% of expenses). Other salaries and wages came to $14.3m. At year end it held assets of $18.6m against liabilities of $5.4m, net assets of $13.1m. It reported 1,116 employees.