NYC Hospitality Alliance Impact Foundation Inc

Analysis

NYC Hospitality Alliance Impact Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic 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, NYC Hospitality Alliance Impact Foundation Inc reported income of $269k and spending of $50k, leaving 82% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $269k (+314%), an average of +314% a year. The sharpest change came in the year to December 2023, when income rose by 314%. Over the whole period it spent 15% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, NYC Hospitality Alliance Impact Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Prosperrochester ($269k), Pennsylvania State Association of County Fairs ($269k) and Marin Economic Forum ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $285k against liabilities of $0, net assets of $285k.