Karen Horney Clinic Inc

Analysis

Karen Horney Clinic Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1957, 69 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Karen Horney Clinic Inc reported income of $2.4m and spending of $2.1m, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.5m to $2.4m (-3.1%), an average of -0.6% a year. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Karen Horney Clinic Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Sharing Center Inc ($2.4m), Christian United Outreach Center ($2.4m) and Family Link of Union and Essex Counties a Regional Early ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $408k (19% of expenses). Other salaries and wages came to $698k. At year end it held assets of $8.9m against liabilities of $125k, net assets of $8.8m. It reported 12 employees.