Local 338 Charities Inc

Analysis

Local 338 Charities Inc is a registered charity in United States, based in Mineola, NY. It received its IRS tax-exemption ruling in April 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Local 338 Charities Inc reported income of $156k and spending of $247k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $191k to $156k (-18%), an average of -5.0% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Local 338 Charities Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Henry Fork Service Center ($156k), Forward Health Foundation ($156k) and Care Net Pregnancy Resource Center of Neosho Incorporated ($156k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 121% of the total. At year end it held assets of $246k against liabilities of $0, net assets of $246k.