N Y Police and Fire Widows & Childrens Benefit Fund Inc

Analysis

N Y Police and Fire Widows & Childrens Benefit Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, N Y Police and Fire Widows & Childrens Benefit Fund Inc reported income of $4.3m and spending of $6.5m, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.6m to $4.3m (-36%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 399%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, N Y Police and Fire Widows & Childrens Benefit Fund Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Tides Inc ($4.3m), Neighborhood Services Organization Inc ($4.3m) and Community United Child Care Centers Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $308k (4.8% of expenses). Other salaries and wages came to $272k. At year end it held assets of $57.0m against liabilities of $106k, net assets of $56.9m. It reported 5 employees.