Grand Central Neighborhood Social Services Corporation

Analysis

Grand Central Neighborhood Social Services Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1991, 35 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, Grand Central Neighborhood Social Services Corporation reported income of $3.4m and spending of $3.1m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.5m to $3.4m (-4.1%), an average of -1.1% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grand Central Neighborhood Social Services Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Young Womens Christian Association ($3.4m), Rockbridge Area Hospice Inc ($3.4m) and Crittenton Centers ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $283k (9.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.4m against liabilities of $3.9m, net assets of $470k. It reported 71 employees.