Engine Room Inc

Analysis

Engine Room Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2016, 10 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, Engine Room Inc reported income of $975k and spending of $1.6m, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $975k (-36%), an average of -11% a year. The sharpest change came in the year to December 2020, when income rose by 127%. 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, Engine Room Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Riverbend Ranch and Retreat Inc ($974k), Estancia Corazon Inc ($975k) and El Amor de Patricia ($974k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $120k (7.4% of expenses). Other salaries and wages came to $250k. At year end it held assets of $1.1m against liabilities of $120k, net assets of $985k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.