Overview
What is The New York Times Neediest Cases Fund?
The New York Times Neediest Cases Fund, also known as the New York Times Communities Fund, is a charitable organization based in New York City. Originally established by Adolph Ochs Sulzberger, the publisher of The New York Times, its mission is to collect funds and distribute them to individuals and families in distress within the New York metropolitan area. The fund's board of directors selects eligible non-profit organizations to receive funding, which are listed in their annual Statement of Program Service Accomplishments. The New York Times Neediest Cases Fund aims to provide assistance to those in need, helping to alleviate hardship in the community.
Official website here: www.nytcommunitiesfund.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 87%, Three-Star out of Four Star rating.
The New York Times Neediest Cases Fund has received a solid Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The overall score is primarily derived from its impressive Accountability & Finance score of 87%. This indicates that the organization adheres to best practices in financial management, assuring donors that their contributions are handled responsibly.
The charity demonstrates a high level of transparency, showcasing effective oversight mechanisms such as thorough audits and a comprehensive conflict of interest policy. It also maintains a robust program expense ratio of 98.16%, meaning that the vast majority of its funding goes directly toward its mission rather than administrative costs. Additionally, the fundraising efficiency ratio of $0.002 indicates minimal expenses associated with raising funds.
While the organization has achieved commendable financial metrics, it is important for potential donors to review the operational and programmatic impact of the services provided. Engaging with the outcomes of its initiatives could provide a fuller picture of the charity's effectiveness and the difference it makes in the community.
This AI summary has been generated from information found on Charity Navigator.
Is The New York Times Neediest Cases Fund legitimate?
The New York Times Neediest Cases Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The New York Times Neediest Cases Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.nytcommunitiesfund.org
What is the mission statement of The New York Times Neediest Cases Fund?
The New York Times Neediest Cases Fund was established with the purpose of collecting funds to aid individuals and families in distress. The fund's board of directors selects eligible non-profit organizations within the New York metropolitan area to receive these funds. These approved organizations and their exempt purposes are detailed in the fund's Statement of Program Service Accomplishments. The New York Times Neediest Cases Fund primarily focuses on providing financial assistance to those in need, supporting various non-profit organizations that align with its mission.
Official website here: www.nytcommunitiesfund.org
Who is the CEO of The New York Times Neediest Cases Fund?
Eileen Murphy is the Director/President of The New York Times Neediest Cases Fund.
Official website here: www.nytcommunitiesfund.org
What is the revenue of The New York Times Neediest Cases Fund?
The New York Times Neediest Cases Fund's revenue in 2023 was $6,200,784.
Official website here: www.nytcommunitiesfund.org
Who are the executives of The New York Times Neediest Cases Fund and what are their salaries?
There 6 volunteers at The New York Times Neediest Cases Fund.
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Official website here: www.nytcommunitiesfund.org
Where can I find the form 990 for The New York Times Neediest Cases Fund?
The New York Times Neediest Cases Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nytcommunitiesfund.org
Learn more at the official website: www.nytcommunitiesfund.org
Mission Statement of The New York Times Neediest Cases Fund
The New York Times Neediest Cases Fund, initiated by Adolph Ochs Sulzberger, the then-publisher of The New York Times, was established with a mission to collect funds for providing assistance to individuals and families in distress. The organization's board of directors selects suitable non-profit organizations within the New York metropolitan area to receive these funds, as stated in its Program Service Accomplishments. The fund's objective is to support these organizations and their exempt purposes, thus aiding those in need.
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Impact
October, 2024
The New York Times Neediest Cases Fund significantly impacts individuals and families facing distress in New York City. Established by Adolph Ochs Sulzberger, the Fund mobilizes resources to assist those in urgent need. By selecting and providing financial support to various nonprofit organizations throughout the metropolitan area, the Fund enhances the capacity of these organizations to serve vulnerable populations.
One of the critical areas of focus is food assistance, exemplified by its support for Feeding America, which plays a vital role in addressing hunger among New Yorkers. The Fund’s strategic partnerships with targeted nonprofits directly translate into essential services for individuals facing economic hardships, homelessness, or other personal crises. Through its efforts, the Fund not only alleviates immediate challenges but also fosters a sense of community and support, ensuring that the most vulnerable members of society receive the help they need to regain stability and hope.
This information is meant to be a general summary of The New York Times Neediest Cases Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: -$367,134
- Gross Receipts: $22,364,175
Assets and Liabilities:
- Total Assets: $58,700,182
- Total Liabilities: $6,808,015
- Net Assets: $51,892,167
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Organization Details
Founding Year
1941
Phone
(212) 556-1234Principal Officer
Eileen Murphy
Main Address
620 8TH AVENUE, NEW YORK, NY, 10018
Website
www.nytcommunitiesfund.orgNTEE Category
Code: T300 - Philanthropy
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