Nyack Center

Analysis

Nyack Center is a registered charity in United States, based in Nyack, NY. It received its IRS tax-exemption ruling in July 1994, 32 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 December 2023, Nyack Center reported income of $1.5m and spending of $1.2m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $839k to $1.5m (+80%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nyack Center sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Michigan Share Corporation ($1.5m), Young Mens Christian Association ($1.5m) and Sun Valley Youth Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $118k (9.6% of expenses). Other salaries and wages came to $481k. At year end it held assets of $1.9m against liabilities of $237k, net assets of $1.6m. It reported 48 employees.