Rethinknyc Inc

Analysis

Rethinknyc Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Rethinknyc Inc reported income of $153k and spending of $139k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $187k to $153k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rethinknyc Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Barre Area Development Inc ($153k), Kiwanis Charities of Rockford Inc ($154k) and Michael Diamond Charitable Foundation Inc ($153k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.