Indian Knanaya Catholic Community of Greater New York Inc

Analysis

Indian Knanaya Catholic Community of Greater New York Inc is a registered charity in United States, based in Stony Point, NY. It received its IRS tax-exemption ruling in August 2005, 21 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, Indian Knanaya Catholic Community of Greater New York Inc reported income of $231k and spending of $244k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $272k to $231k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indian Knanaya Catholic Community of Greater New York Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Ptsa Michigan Congress of Parents Teachers and Students ($231k), Society of Nematologists ($231k) and Rebild National Park Society Inc ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. At year end it held assets of $2.3m against liabilities of $1.0m, net assets of $1.3m.

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.