Bundles of Joy New York Inc

Analysis

Bundles of Joy New York Inc is a registered charity in United States, based in Bronxville, NY. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bundles of Joy New York Inc reported income of $1.1m and spending of $1.2m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $629k to $1.1m (+80%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bundles of Joy New York Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Young Womens Christian Assoc of Bellingham ($1.1m), Family Crisis Center of the Big Bend Inc ($1.1m) and Gan Amy Center for Early Childhood Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $32k (2.7% of expenses). Other salaries and wages came to $25k. At year end it held assets of $352k against liabilities of $22k, net assets of $329k. It reported 4 employees.

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.