1347 Morris Ave Corporation

Analysis

1347 Morris Ave Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2000, 26 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 June 2023, 1347 Morris Ave Corporation reported income of $429k and spending of $509k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $196k to $429k (+120%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 120%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1347 Morris Ave Corporation sits at the 54th 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 Shell Knob Senior Center Corporation ($429k), Ahepa 310-Ix Inc ($429k) and Gerrish TND Inc ($429k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $1.0m against liabilities of $235k, net assets of $779k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.