Center for Economic and Social Rights Inc

Analysis

Center for Economic and Social Rights Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1994, 32 years ago. 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, Center for Economic and Social Rights Inc reported income of $1.1m and spending of $1.4m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $987k to $1.1m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for Economic and Social Rights Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Senior Citizens Council of Dickinson County ($1.1m), The Literacy Network of Greater Cincinnati ($1.1m) and Luther Seminary Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $137k (9.5% of expenses). Other salaries and wages came to $727k. At year end it held assets of $206k against liabilities of $267k, net assets of -$61k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.