New York Center for Living

Analysis

New York Center for Living is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New York Center for Living reported income of $2.5m and spending of $4.0m, spending 163% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $2.5m (-2.0%), an average of -0.5% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 134% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New York Center for Living sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Alternative Homes for Youth ($2.5m), Multi-Lingual Counseling Inc ($2.5m) and Modern Mental Health Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $655k (16% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $64.7m against liabilities of $137k, net assets of $64.5m. It reported 31 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.