Careerwise New York Inc

Analysis

Careerwise New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Careerwise New York Inc reported income of $4.7m and spending of $4.9m, spending 103% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $2.2m to $4.7m (+117%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Careerwise New York Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Slaughter Community Charter School ($4.7m), Sunshine High School - Orlando Campus Inc ($4.7m) and Crowleys Ridge College ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $337k (6.9% of expenses). Other salaries and wages came to $2.4m. It paid $17k in professional fundraising fees. At year end it held assets of $3.9m against liabilities of $426k, net assets of $3.5m. It reported 34 employees.