Single Stop USA Inc

Analysis

Single Stop USA Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2007, 19 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, Single Stop USA Inc reported income of $4.6m and spending of $6.5m, spending 140% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $17.0m to $4.6m (-73%), an average of -28% a year. The sharpest change came in the year to September 2020, when income dropped by 54%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Single Stop USA Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include New Hope Inc ($4.6m), Hawaii Island HIV AIDS Foundation ($4.6m) and Bethany Childrens Home Inc ($4.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $187k (2.9% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $3.1m against liabilities of $5.8m, net assets of -$2.7m. It reported 77 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.