Transnewyork Inc

Analysis

Transnewyork Inc is a registered charity in United States, based in Queens, NY. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2022, Transnewyork Inc reported income of $162k and spending of $126k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2019 to December 2022, income fell from $261k to $162k (-38%), an average of -38% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Transnewyork Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Child Evangelism Fellowship Inc ($162k), PTA California Congress of Parents Teachers & Students ($162k) and Little League Baseball Inc ($162k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $87k against liabilities of $42k, net assets of $45k.