New York Council of Nonprofits Inc

Analysis

New York Council of Nonprofits Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in July 1965, 61 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 December 2023, New York Council of Nonprofits Inc reported income of $3.1m and spending of $3.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $3.1m (-7.8%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New York Council of Nonprofits Inc sits at the 87th percentile: it is larger than about 87% 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 Martha B Gudelsky Child Development Center Inc ($3.1m), Hospice of the Prairie Inc ($3.1m) and Longwood Medical Area Childrens Center Corporation ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $400k (13% of expenses). Other salaries and wages came to $923k. At year end it held assets of $3.9m against liabilities of $2.4m, net assets of $1.5m. It reported 22 employees.