Choice of New Rochelle Inc

Analysis

Choice of New Rochelle Inc is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in January 1996, 30 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, Choice of New Rochelle Inc reported income of $10.7m and spending of $10.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.9m to $10.7m (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Choice of New Rochelle Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Hope House for the Multiple- Handicapped Inc ($10.7m), Bergen Basin Commmunity Development Corporation ($10.7m) and Direct Relief Foundation ($10.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $654k (6.1% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $4.9m against liabilities of $2.2m, net assets of $2.7m. It reported 258 employees.