Two Bridges Neighborhood Council Inc

Analysis

Two Bridges Neighborhood Council Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1967, 59 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Two Bridges Neighborhood Council Inc reported income of $619k and spending of $842k, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $650k to $619k (-4.8%), an average of -1.2% a year. The sharpest change came in the year to June 2021, when income rose by 106%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Two Bridges Neighborhood Council Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Epworth House-A Methodist Home for the Aging Inc ($619k), The Housing Foundation ($619k) and Ahepa 410 Inc ($619k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $113k (13% of expenses). Other salaries and wages came to $431k. At year end it held assets of $16.2m against liabilities of $14.3m, net assets of $1.9m. It reported 11 employees.