Yoga Society of New York Inc

Analysis

Yoga Society of New York Inc is a registered charity in United States, based in Monroe, NY. It received its IRS tax-exemption ruling in September 1962, 64 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 September 2023, Yoga Society of New York Inc reported income of $552k and spending of $613k, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $719k to $552k (-23%), an average of -6.4% a year. The sharpest change came in the year to September 2020, when income dropped by 36%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Yoga Society of New York Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Old Island Restoration Foundation Inc ($552k), Jackson County Community Services Consortium Inc ($552k) and Sounds True Foundation ($552k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Other salaries and wages came to $84k. At year end it held assets of $1.7m against liabilities of $403k, net assets of $1.3m. It reported 17 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.