Cny Works Inc

Analysis

Cny Works Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in July 1991, 35 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 June 2023, Cny Works Inc reported income of $5.7m and spending of $5.7m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.5m to $5.7m (+24%), an average of +7.6% a year. The sharpest change came in the year to June 2022, when income rose by 58%. 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, Cny Works Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Ocean Reef Medical Center Foundation Inc ($5.7m), A Place Called Home ($5.7m) and CSJ Initiatives Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $287k (5.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.2m against liabilities of $2.3m, net assets of $889k. It reported 644 employees.

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.