Big Brothers and Big Sisters of New York City Inc

Analysis

Big Brothers and Big Sisters of New York City Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1934, 92 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, Big Brothers and Big Sisters of New York City Inc reported income of $9.8m and spending of $11.1m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.0m to $9.8m (-1.6%), an average of -0.4% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Brothers and Big Sisters of New York City Inc sits at the 95th percentile: it is larger than about 95% 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 Habitat for Humanity International Inc ($9.8m), Holy Angels Services Inc ($9.8m) and New Horizons Ministries Inc ($9.8m).

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 $579k (5.2% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $20.0m against liabilities of $8.6m, net assets of $11.3m. It reported 144 employees.