Nycxd Inc

Analysis

Nycxd Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2021, 5 years ago. 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, Nycxd Inc reported income of $660k and spending of $763k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $736k to $660k (-10%), an average of -10% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nycxd Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Jay County Boys Club Inc ($660k), Palmer Emergency Food and Community Services Inc ($660k) and Pope John Paul II Apartments Inc ($660k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $120k (16% of expenses). Other salaries and wages came to $55k. At year end it held assets of $17k against liabilities of $79k, net assets of -$62k. It reported 3 employees.