New York Restoration Project

Analysis

New York Restoration Project is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 September 2023, New York Restoration Project reported income of $7.7m and spending of $7.9m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $8.8m to $7.7m (-12%), an average of -3.2% a year. The sharpest change came in the year to September 2020, when income dropped by 32%. Over the whole period it spent 98% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, New York Restoration Project 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 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include The Mountaineers ($7.7m), Frenchman Bay Conservancy ($7.8m) and Nature and Culture International ($7.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $1.3m (16% of expenses). Other salaries and wages came to $2.5m. It paid $196k in professional fundraising fees. At year end it held assets of $16.9m against liabilities of $3.0m, net assets of $13.8m. It reported 60 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.