Advance of Greater Ny Inc

Analysis

Advance of Greater Ny Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2020, Advance of Greater Ny Inc reported income of $65k and spending of $114k, spending 174% of what it took in. Across the 2 years on record, from June 2019 to June 2020, income fell from $110k to $65k (-40%), an average of -40% a year. The sharpest change came in the year to June 2020, when income dropped by 40%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Advance of Greater Ny Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Huntington West Virginia Scottish Rite of Frcemasonry Foundation Inc ($65k), Willing Hearts Inc ($65k) and Medina Healthcare Fund ($65k).

On its Form 990 for the period ending June 2020, revenue came from program service revenue 86% of the total. At year end it held assets of $260k against liabilities of $0, net assets of $260k.