Peer Services of New York Ipa Inc

Analysis

Peer Services of New York Ipa Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Peer Services of New York Ipa Inc reported income of $105k and spending of $5,239, leaving 95% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $28k to $105k (+282%), an average of +282% a year. The sharpest change came in the year to December 2023, when income rose by 282%. Over the whole period it spent 4.0% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Peer Services of New York Ipa Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Amaan Charitable Foundation Inc ($105k), Pillows with Wings Inc ($105k) and Friends of Marys Hands ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $377k against liabilities of $5,000, net assets of $372k.