Claremont Neighborhood Centers Inc

Analysis

Claremont Neighborhood Centers Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Claremont Neighborhood Centers Inc reported income of $2.9m and spending of $3.4m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $2.9m (+3.0%), an average of +0.8% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Claremont Neighborhood Centers Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Southwest Economic Solutions ($2.9m), Daymark Inc ($2.9m) and Charlotte Family Housing Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $635k against liabilities of $739k, net assets of -$104k. It reported 90 employees.