New England Society in the City of New York

Analysis

New England Society in the City of New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1945, 81 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 December 2023, New England Society in the City of New York reported income of $210k and spending of $425k, spending 203% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $328k to $210k (-36%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 144% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Society in the City of New York sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Sacred Heart Housing Corporation ($210k), LMC Developmental Services Inc ($210k) and Joan Los Angeles ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $92k (22% of expenses). At year end it held assets of $2.2m against liabilities of $47k, net assets of $2.1m.

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.