New York Independent System Operator Inc

Analysis

New York Independent System Operator Inc is a registered charity in United States, based in Rensselaer, NY. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Independent System Operator Inc reported income of $230.4m and spending of $230.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $182.3m to $230.4m (+26%), an average of +6.0% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Independent System Operator Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Citrus Health Network Inc ($228.8m), Neighborhood Reinvestment Corp ($232.4m) and Veteran Tickets Foundation ($228.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $19.3m (8.4% of expenses). Other salaries and wages came to $74.6m. At year end it held assets of $733.0m against liabilities of $733.0m, net assets of $0. It reported 673 employees.