York Street Project

Analysis

York Street Project is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in September 1992, 34 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, York Street Project reported income of $5.7m and spending of $5.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $5.7m (+40%), an average of +8.9% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, York Street Project sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Jewels of Charity Inc ($5.7m), Kid Start Incorporated ($5.7m) and Dare 2 Share Ministries ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $116k (2.3% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $3.5m against liabilities of $369k, net assets of $3.1m. It reported 70 employees.