F Y Eye Inc

Analysis

F Y Eye Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2006, 20 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 June 2024, F Y Eye Inc reported income of $757k and spending of $511k, leaving 33% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $133k to $757k (+467%), an average of +54% a year. The sharpest change came in the year to June 2021, when income rose by 196%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, F Y Eye Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Brown Rudnick Charitable Foundation Corp ($757k), Good Shepherd Community Health Foundation ($757k) and The Ellen P Hermanson Foundation ($757k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $160k (31% of expenses). Other salaries and wages came to $155k. At year end it held assets of $3.5m against liabilities of $2.1m, net assets of $1.5m. It reported 5 employees.