Nylaughs Inc

Analysis

Nylaughs Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 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 December 2023, Nylaughs Inc reported income of $80k and spending of $70k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $80k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nylaughs Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Muskego Food Pantry ($80k), Sober International ($80k) and Pennsylvania Immigrant and Refugee Womens Network ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. At year end it held assets of $30k against liabilities of $7,879, net assets of $22k.