Centre for Social Innovation NYC Inc

Analysis

Centre for Social Innovation NYC Inc is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 May 2020, Centre for Social Innovation NYC Inc reported income of $164k and spending of $770k, spending 469% of what it took in. Across the 2 years on record, from May 2019 to May 2020, income grew from $50k to $164k (+230%), an average of +230% a year. The sharpest change came in the year to May 2020, when income rose by 230%. Over the whole period it spent 734% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Centre for Social Innovation NYC Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile. Charities of a similar size with the same main cause include Live Well Water Inc ($164k), Weakday Ministries NP ($164k) and DC Peace Team ($164k).

On its Form 990 for the period ending May 2020, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $109k (14% of expenses). Other salaries and wages came to $248k. At year end it held assets of $724k against liabilities of $430k, net assets of $295k. It reported 6 employees.