Nycsalt Inc

Analysis

Nycsalt 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 youth development, which this site groups under children and youth development. 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, Nycsalt Inc reported income of $469k and spending of $683k, spending 146% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $234k to $469k (+100%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 177%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Nycsalt Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Greater Cleveland ($469k), Giving Closet Project ($469k) and Tumaini DC Incorporated ($469k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $166k (24% of expenses). Other salaries and wages came to $49k. At year end it held assets of $1.2m against liabilities of $916k, net assets of $246k. It reported 3 employees.