Ali Forney Center

Analysis

Ali Forney Center is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2002, 24 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, Ali Forney Center reported income of $25.6m and spending of $25.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.8m to $25.6m (+86%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ali Forney Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Kinneret II Inc ($25.5m), Wakeland Housing and Development Corporation ($25.6m) and Housing and Community Services Inc ($25.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $1.3m (5.4% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $21.7m against liabilities of $13.9m, net assets of $7.8m. It reported 343 employees.