Affordable for Ny Inc

Analysis

Affordable for Ny Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2022, Affordable for Ny Inc reported income of $176k and spending of $262k, spending 149% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $254k to $176k (-31%), an average of -31% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Affordable for Ny Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Steps Together ($176k), Murdock Fund Trustees ($176k) and Texas Guardianship Association ($176k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $145k against liabilities of $0, net assets of $145k.