New York Legislative Service Inc

Analysis

New York Legislative Service Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1941, 85 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, New York Legislative Service Inc reported income of $255k and spending of $272k, spending 107% of what it took in. Across the 3 years on record, from September 2019 to September 2023, income fell from $352k to $255k (-28%), an average of -15% a year. The sharpest change came in the year to September 2023, when income dropped by 19%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Legislative Service Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Impact Iowas Heroes Inc ($255k), Get on the Bus ($255k) and Halfway There Rescue ($255k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $82k (30% of expenses). Other salaries and wages came to $84k. At year end it held assets of $111k against liabilities of $55k, net assets of $56k. It reported 4 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.