Deputy Chief Raymond Downey Scholarship Charity Fund

Analysis

Deputy Chief Raymond Downey Scholarship Charity Fund is a registered charity in United States, based in Commack, NY. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 January 2024, Deputy Chief Raymond Downey Scholarship Charity Fund reported income of $97k and spending of $85k, spending 88% of its income. Across the 2 years on record, from January 2023 to January 2024, income fell from $100k to $97k (-3.1%), an average of -3.1% a year. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Deputy Chief Raymond Downey Scholarship Charity Fund sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Post Backstage Inc ($97k), Rose Dynasty Foundation Inc ($97k) and Community Science Academy ($97k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.