Street Corner Resource

Analysis

Street Corner Resource is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2009, 17 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, Street Corner Resource reported income of $1.5m and spending of $1.3m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.5m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Street Corner Resource sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Shalom Farms ($1.5m), Young Mens Christian Association of Ashland Ohio ($1.5m) and I58 Global ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $262k (20% of expenses). Other salaries and wages came to $546k. At year end it held assets of $818k against liabilities of $197k, net assets of $621k. It reported 35 employees.