Restore NYC Inc

Analysis

Restore NYC Inc 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 human services, which this site groups under poverty relief. 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 September 2023, Restore NYC Inc reported income of $5.2m and spending of $5.1m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.0m to $5.2m (+31%), an average of +7.0% a year. The sharpest change came in the year to September 2020, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Restore NYC Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Southern Area Agency on Aging Inc ($5.2m), Lower Chattahoochee Direct Service Corp ($5.2m) and Developmental Preschool and Day Care Center ($5.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $727k (14% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $3.7m against liabilities of $189k, net assets of $3.5m. It reported 60 employees.