THE NEW YORK TIMES COMMUNITIES FUND
Mission Statement
For more than 100 years, The New York Times Neediest Cases Fund has raised money for those in need through the generous contributions of Times readers. Each year, the Neediest Cases Fund holds a fund-raising campaign during the holiday season, with stories in The New York Times describing the travails of families and individuals in distress. The Neediest Cases Fund then distributes the funds from the campaign to seven large multi-service agencies that serve New Yorkers of all denominations in the metropolitan area. The New York Times Company covers all administrative costs of the program, so every dollar donated to the Neediest Cases Fund goes directly to provide for those in need through the seven agencies. The Neediest Cases Fund may also contribute funds from its endowment to address an immediate and urgent need.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
97.6% | 91.4% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
2.4% | 8.2% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 2.6% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
88.8 mo | 61.1 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
11.7% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
67.5% | 90.9% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
20.9% | 9.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
4.8% | 8.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
24.7% | 2.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $11.6M | $8.7M | $64.4M | 97.6% | 0 |
| 2024 | $9.6M | $8.3M | $59.6M | 97.6% | 0 |
| 2023 | $6.2M | $8.5M | $51.9M | 97.9% | 0 |
| 2022 | $11.6M | $9.4M | $58.3M | 98.1% | 0 |
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