Community Capital New York Inc

Analysis

Community Capital New York Inc is a registered charity in United States, based in Elmsford, NY. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Community Capital New York Inc reported income of $3.1m and spending of $2.0m, leaving 34% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $3.1m (+129%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Capital New York Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Suburban Housing Development and Research Inc ($3.1m), Sheffield Place ($3.1m) and Melvin J & Claire Levine Jewish Residential & Fmly SRVC of Palm Be ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $197k (9.7% of expenses). Other salaries and wages came to $751k. At year end it held assets of $16.2m against liabilities of $8.1m, net assets of $8.1m. It reported 11 employees.