Ahrc NYC New Projects Inc

Analysis

Ahrc NYC New Projects Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ahrc NYC New Projects Inc reported income of $3.7m and spending of $4.2m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.5m to $3.7m (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2022, when income rose by 686%. Over the whole period it spent 46% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ahrc NYC New Projects Inc 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 88th percentile within NY. Charities of a similar size with the same main cause include Hearts with a Mission ($3.7m), Fulfillment Fund ($3.7m) and Bala Presbyterian Home Foundation ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 117% of the total. At year end it held assets of $64.7m against liabilities of $41.1m, net assets of $23.6m.