Transitional Services for New York Inc

Analysis

Transitional Services for New York Inc is a registered charity in United States, based in Whitestone, NY. It received its IRS tax-exemption ruling in May 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Transitional Services for New York Inc reported income of $43.9m and spending of $39.0m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.2m to $43.9m (+50%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transitional Services for New York Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Homes for the Homeless Inc ($43.8m), Hit Inc ($43.9m) and Casa de Las Campanas Inc ($43.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.0m (2.6% of expenses). Other salaries and wages came to $17.3m. At year end it held assets of $48.7m against liabilities of $30.5m, net assets of $18.2m. It reported 517 employees.