Sapna NYC Inc

Analysis

Sapna NYC Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 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, Sapna NYC Inc reported income of $874k and spending of $274k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $442k to $874k (+98%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sapna NYC Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Waller Assistance & Restoration Ministries Inc ($874k), Dominicanos USA ($874k) and State of Texas Association of Rheumatologists ($874k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $69k (25% of expenses). Other salaries and wages came to $51k. At year end it held assets of $1.4m against liabilities of $77k, net assets of $1.4m. It reported 11 employees.