AHRC NEW YORK CITY FOUNDATION INC
Mission Statement
The AHRC New York City Foundation is a fund-raising and grant-making entity that supports programs for children and adults who have intellectual and developmental disabilities and who live in New York City. The Foundation is the primary source of philanthropic support for AHRC New York City, which provides a wide array of social services for approximately 15,000 people with disabilities. Our mission Through its grants, the Foundation aims to empower people with intellectual and developmental disabilities to Make choices and decisions based on their own aspirations. Live as independently and be as productive as possible. Participate fully in their communities. Our vision We envision a world in which people with disabilities will Share ordinary places in their local communities (such as stores, gyms, libraries and museums) at the same time and in the same ways as their neighbors. Develop a support network that includes a wide range of personal and social relationships. Fill valued roles in and make contributions to their communities.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
72.4% | 91.8% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
7.0% | 8.1% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
20.6% | 1.9% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
238.6% | 145.3% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
118.9 mo | 80.2 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
5.1% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
62.8% | 90.3% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-9.8% | 3.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
17.9% | 6.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-25.6% | -4.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $2.7M | $3.4M | $33.5M | 72.4% | 0 |
| 2022 | $3.0M | $2.9M | $31.5M | 69.4% | 0 |
| 2021 | $3.7M | $2.8M | N/A | — | 0 |
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