NYC First Inc

Analysis

NYC First Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 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 (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, NYC First Inc reported income of $3.5m and spending of $3.0m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.5m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, NYC First Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Girl Scout Commonwealth Council of Virginia Inc ($3.5m), One Roof Foundation ($3.5m) and Boys and Girls Club of Atlantic City Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $276k (9.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.1m against liabilities of $211k, net assets of $893k. It reported 20 employees.