Moffat Gardens Alp Inc

Analysis

Moffat Gardens Alp Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Moffat Gardens Alp Inc reported income of $1.5m and spending of $1.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Moffat Gardens Alp Inc sits at the 78th percentile: it is larger than about 78% 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 Washington Place at St Barnabas Inc ($1.5m), Big Bend Homeless Assistance Continuum of Care Inc ($1.5m) and F B C Corp ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.0% and program service revenue 91% of the total. Other salaries and wages came to $598k. At year end it held assets of $432k against liabilities of $1.5m, net assets of -$1.1m. It reported 13 employees.