New York Association of Training and Employment Professionals Inc

Analysis

New York Association of Training and Employment Professionals Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1992, 34 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New York Association of Training and Employment Professionals Inc reported income of $1.2m and spending of $1.3m, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.2m (+4.7%), an average of +1.2% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Association of Training and Employment Professionals Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include North Dakota Veterans Cemetery Foundation Inc ($1.2m), Legal Aid Society of South Florida Inc ($1.2m) and The Life Center of Davidson County Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 41% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $302k (24% of expenses). Other salaries and wages came to $349k. At year end it held assets of $656k against liabilities of $146k, net assets of $511k.