Sylvia Center Incorporated

Analysis

Sylvia Center Incorporated is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover food, agriculture and nutrition, 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 June 2024, Sylvia Center Incorporated reported income of $1.8m and spending of $2.0m, spending 108% of what it took in. Across the 6 years on record, from December 2019 to June 2024, income grew from $1.2m to $1.8m (+51%), an average of +8.6% a year. The sharpest change came in the year to June 2022, when income rose by 541%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sylvia Center Incorporated sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Greenhouse Ministries ($1.8m), Keren Simchas Kallah ($1.8m) and Adult & Teen Challenge of the Greater South ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $215k (11% of expenses). Other salaries and wages came to $1.1m. It paid $10k in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $171k, net assets of $1.2m. It reported 42 employees.