New York Professional Advisors for Community Entrepreneurs Inc

Analysis

New York Professional Advisors for Community Entrepreneurs Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 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 December 2023, New York Professional Advisors for Community Entrepreneurs Inc reported income of $1.1m and spending of $816k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $408k to $1.1m (+178%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 77% 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 Professional Advisors for Community Entrepreneurs Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Spanish Peaks Community Foundation ($1.1m), Promote Pt ($1.1m) and Maskeel El Daz Society Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $254k (31% of expenses). Other salaries and wages came to $258k. At year end it held assets of $1.3m against liabilities of $63k, net assets of $1.3m. It reported 7 employees.