New City Kids Foundation

Analysis

New City Kids Foundation is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New City Kids Foundation reported income of $533k and spending of $385k, leaving 28% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $293k to $533k (+82%), an average of +82% a year. The sharpest change came in the year to June 2024, when income rose by 82%. Over the whole period it spent 77% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, New City Kids Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Pediatrics Plus Community Connections ($533k), Boys and Girls Club of St Marys Inc ($533k) and Boys & Girls Club of Lampas Inc ($533k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $160k. At year end it held assets of $1.8m against liabilities of $6,178, net assets of $1.8m.