Andromeda Community Initiative Inc

Analysis

Andromeda Community Initiative Inc is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in November 2018, 8 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 September 2023, Andromeda Community Initiative Inc reported income of $943k and spending of $904k, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $714k to $943k (+32%), an average of +7.2% a year. The sharpest change came in the year to September 2021, when income rose by 25%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Andromeda Community Initiative Inc sits at the 74th 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 Hudson Valley Day Care Center Inc ($943k), Fern House Inc ($944k) and Ciudad de Angeles Inc ($943k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $167k (18% of expenses). Other salaries and wages came to $299k. At year end it held assets of $779k against liabilities of $89k, net assets of $690k. It reported 7 employees.