Chances for Children-Ny Inc

Analysis

Chances for Children-Ny Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Chances for Children-Ny Inc reported income of $1.0m and spending of $1.3m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $745k to $1.0m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chances for Children-Ny Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Leo W Seal Jr Charitable TR ($1.0m), Girls with Impact Inc ($1.0m) and Piqua Education Foundation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Other salaries and wages came to $881k. At year end it held assets of $1.4m against liabilities of $20k, net assets of $1.4m. It reported 11 employees.