Meaningful Ny Initiatives for People with Disabilities Inc

Analysis

Meaningful Ny Initiatives for People with Disabilities Inc is a registered charity in United States, based in Middletown, NY. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Meaningful Ny Initiatives for People with Disabilities Inc reported income of $16.8m and spending of $16.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.1m to $16.8m (+108%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meaningful Ny Initiatives for People with Disabilities Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Hospice of Orange & Sullivan Counties Inc ($16.8m), Freedom of the Press Foundation ($16.8m) and A World for Children ($16.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $179k (1.1% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $6.0m against liabilities of $3.3m, net assets of $2.7m. It reported 589 employees.