Maspeth Town Hall Inc

Analysis

Maspeth Town Hall Inc is a registered charity in United States, based in Maspeth, NY. It received its IRS tax-exemption ruling in January 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Maspeth Town Hall Inc reported income of $8.9m and spending of $9.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $8.9m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maspeth Town Hall Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Domestic Violence Intervention Services Inc ($8.9m), For Others Collective Inc ($8.9m) and On the Move ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $195k (2.1% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $2.8m against liabilities of $936k, net assets of $1.9m. It reported 449 employees.