McNy Bronx Inc

Analysis

McNy Bronx Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, McNy Bronx Inc reported income of $540k and spending of $585k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $310k to $540k (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 127% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McNy Bronx Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Bounce Back Generation Inc ($540k), The Darien Foundation Inc ($540k) and Irbs Theological Seminary ($540k).

At year end it held assets of $7.9m against liabilities of $5.5m, net assets of $2.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.