Randalls Island Park Alliance Inc

Analysis

Randalls Island Park Alliance Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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, Randalls Island Park Alliance Inc reported income of $12.0m and spending of $10.7m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.0m to $12.0m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Randalls Island Park Alliance Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Tri-County Community Action Partnership Inc ($12.0m), Foundation 2 Inc ($12.0m) and Tri-County Council for Child Development ($12.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $521k (4.9% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $16.3m against liabilities of $1.9m, net assets of $14.4m. It reported 111 employees.