New York Womens Chamber of Commerce Inc

Analysis

New York Womens Chamber of Commerce Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, New York Womens Chamber of Commerce Inc reported income of $1.1m and spending of $898k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $449k to $1.1m (+134%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 141%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New York Womens Chamber of Commerce Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Limestone Valley Resource Conservation & Dev Counsel ($1.1m), Special Improvement District Borough of Redbank Inc ($1.1m) and Access Technologies Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 104% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $100k (11% of expenses). Other salaries and wages came to $361k. At year end it held assets of $1.5m against liabilities of $507k, net assets of $944k. It reported 12 employees.