New York Focus News

Analysis

New York Focus News is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2022, 4 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, New York Focus News reported income of $3.6m and spending of $916k, leaving 75% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $480k to $3.6m (+657%), an average of +175% a year. The sharpest change came in the year to December 2023, when income rose by 289%. Over the whole period it spent 31% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New York Focus News sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Trio New College Network Inc ($3.6m), Esperanza Academy Inc ($3.6m) and Colorado Homeschool Enrichment ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $162k (18% of expenses). Other salaries and wages came to $482k. At year end it held assets of $3.7m against liabilities of $37k, net assets of $3.7m. It reported 14 employees.