Red Hook Playgroup Inc

Analysis

Red Hook Playgroup Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Red Hook Playgroup Inc reported income of $751k and spending of $843k, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.0m to $751k (-27%), an average of -7.5% a year. The sharpest change came in the year to August 2023, when income dropped by 42%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Red Hook Playgroup Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Meigs County Agricultural Society ($751k), Guyanese Diaspora Charity ($751k) and Richwood Independent Agricultural Fair ($751k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $92k (11% of expenses). Other salaries and wages came to $292k. At year end it held assets of $751k against liabilities of $74k, net assets of $677k. It reported 13 employees.