Governors Island Alliance Inc

Analysis

Governors Island Alliance Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Governors Island Alliance Inc reported income of $2.4m and spending of $2.5m, spending 105% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.9m to $2.4m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Governors Island Alliance Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Chancellors Family Center ($2.4m), Falcons Hockey Association ($2.4m) and Jaguar Athletic Fund Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $179k (7.1% of expenses). Other salaries and wages came to $558k. At year end it held assets of $915k against liabilities of $185k, net assets of $731k. It reported 17 employees.