Tomorrows Leaders NYC

Analysis

Tomorrows Leaders NYC is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 July 2024, Tomorrows Leaders NYC reported income of $1.2m and spending of $1.4m, spending 118% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income grew from $249k to $1.2m (+373%), an average of +36% a year. The sharpest change came in the year to July 2022, when income rose by 322%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Tomorrows Leaders NYC sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Homer Foundation ($1.2m), Youth Empowerment Through Learning Leading and Serving Inc ($1.2m) and Earth Limited ($1.2m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $692k. At year end it held assets of $177k against liabilities of $20k, net assets of $157k. It reported 10 employees.