Correctional Association of New York

Analysis

Correctional Association of New York is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 1961, 65 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 June 2023, Correctional Association of New York reported income of $1.0m and spending of $1.8m, spending 174% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.0m (-29%), an average of -8.1% a year. The sharpest change came in the year to June 2023, when income dropped by 56%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Correctional Association of New York sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include New Trier West Hockey Club Inc ($1.0m), Labors Training and Community Development Alliance ($1.0m) and Tilden Study Center Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $195k (11% of expenses). Other salaries and wages came to $752k. At year end it held assets of $2.0m against liabilities of $222k, net assets of $1.8m. It reported 11 employees.