New York Communities Organizing Fund Inc

Analysis

New York Communities Organizing Fund Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 York Communities Organizing Fund Inc reported income of $3.8m and spending of $3.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $3.8m (+184%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 105%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New York Communities Organizing Fund Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Liberty Corner Enterprises Inc ($3.8m), Triform Enterprises Limited ($3.8m) and Launch New York Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $29k. At year end it held assets of $1.8m against liabilities of $1.6m, net assets of $205k.