Moms for Moms NYC Inc

Analysis

Moms for Moms NYC Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 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, Moms for Moms NYC Inc reported income of $235k and spending of $175k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $200k to $235k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Moms for Moms NYC Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Canton Ex-Newsboys Association ($235k), Our Childrens House Inc ($235k) and Kare for Kids Inc ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $16k (8.9% of expenses). At year end it held assets of $171k against liabilities of $0, net assets of $171k.