New Alternatives for LGBT Homeless Youth Inc

Analysis

New Alternatives for LGBT Homeless Youth Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, New Alternatives for LGBT Homeless Youth Inc reported income of $442k and spending of $381k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $423k to $442k (+4.4%), an average of +1.1% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Alternatives for LGBT Homeless Youth Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Tiny House Community Development ($442k), Triad Properties ($442k) and Zion Hill Community Development Corporation ($441k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $69k (18% of expenses). Other salaries and wages came to $122k. At year end it held assets of $859k against liabilities of $5,932, net assets of $853k. It reported 5 employees.