Joint Ownership Entity New York City Corp

Analysis

Joint Ownership Entity New York City Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Joint Ownership Entity New York City Corp reported income of $720k and spending of $511k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $22.9m to $720k (-97%), an average of -58% a year. The sharpest change came in the year to December 2023, when income rose by 192%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Joint Ownership Entity New York City Corp sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Mattapan Center for Life Inc ($720k), Mother Seton Housing Inc ($720k) and Rebuilding Together Northern Nevada Inc ($720k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $186k (36% of expenses). Other salaries and wages came to $174k. At year end it held assets of $10.3m against liabilities of $1.4m, net assets of $8.9m. It reported 3 employees.