New City Kids Inc

Analysis

New City Kids Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 City Kids Inc reported income of $6.1m and spending of $7.9m, spending 131% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.8m to $6.1m (+60%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 68%. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, New City Kids Inc sits at the 97th percentile: it is larger than about 97% 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 Colorado Future Farmers of America Foundation ($6.1m), Afterschool Alliance ($6.1m) and Open Doors Inc ($6.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $226k (2.9% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $9.8m against liabilities of $3.1m, net assets of $6.7m. It reported 412 employees.