Giving Back New York Inc

Analysis

Giving Back New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Giving Back New York Inc reported income of $53k and spending of $37k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $39k to $53k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 77% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Giving Back New York Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Living Evolution an Outdoor Experiential Learning Program Inc ($53k), JC Cares Foundation ($53k) and 4girls Organization Inc ($53k).

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 $21k against liabilities of $0, net assets of $21k.