Together & Free Inc

Analysis

Together & Free Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2022, 4 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, Together & Free Inc reported income of $466k and spending of $575k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $561k to $466k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Together & Free Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Vernon Township Police Athletic League Inc ($466k), House of Grace ($466k) and Hope-Net ($466k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $125k (22% of expenses). Other salaries and wages came to $224k. At year end it held assets of $168k against liabilities of $5,993, net assets of $162k.