Cristo Rey New York Corporate Work Study Program Inc

Analysis

Cristo Rey New York Corporate Work Study Program Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Cristo Rey New York Corporate Work Study Program Inc reported income of $2.0m and spending of $1.9m, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.0m to $2.0m (+92%), an average of +92% a year. The sharpest change came in the year to June 2023, when income rose by 92%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cristo Rey New York Corporate Work Study Program Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Pope John Paul II High School ($2.0m), Metropolitan Sheet Metal Journeyman and Apprentice Training Trust Fund ($2.0m) and School Facility Development Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 91% of the total. Other salaries and wages came to $36k. At year end it held assets of $527k against liabilities of $0, net assets of $527k. It reported 17 employees.