LA Colmena NYC Inc

Analysis

LA Colmena NYC Inc is a registered charity in United States, based in Staten Island, 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 June 2023, LA Colmena NYC Inc reported income of $2.0m and spending of $2.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $650k to $2.0m (+210%), an average of +33% a year. The sharpest change came in the year to June 2020, when income rose by 71%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LA Colmena NYC Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Cheers School Family Inc ($2.0m), Cascade County Council of the Society of St Vincent de Paul ($2.0m) and Good Shepherd Homecare & Hospice Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $929k. At year end it held assets of $1.2m against liabilities of $446k, net assets of $745k. It reported 23 employees.