826nyc Inc

Analysis

826nyc Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, 826nyc Inc reported income of $1.1m and spending of $968k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $936k to $1.1m (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 826nyc Inc sits at the 76th percentile: it is larger than about 76% 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 Grand Haven Christian School Endowment Fund ($1.1m), Harbor Christian Academy ($1.1m) and Rochester General College of Health Careers ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $94k (9.7% of expenses). Other salaries and wages came to $426k. At year end it held assets of $1.1m against liabilities of $626k, net assets of $472k. It reported 30 employees.