NYC Inc

Analysis

NYC Inc is a registered charity in United States, based in Ontario, OR. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, NYC Inc reported income of $91k and spending of $89k, spending 98% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $333k to $91k (-73%), an average of -73% a year. The sharpest change came in the year to September 2023, when income dropped by 73%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, NYC Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within OR. Charities of a similar size with the same main cause include Gila Region Resale & Repair ($91k), Breakthrough Phase III Inc ($91k) and Senior Assist Network ($91k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 34% of the total. Other salaries and wages came to $4,189. At year end it held assets of $856k against liabilities of $564k, net assets of $292k.