Townwide Fund of Huntington Inc

Analysis

Townwide Fund of Huntington Inc is a registered charity in United States, based in Huntington, NY. It received its IRS tax-exemption ruling in November 1962, 64 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Townwide Fund of Huntington Inc reported income of $372k and spending of $455k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $372k (+61%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Townwide Fund of Huntington Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Schlarman Foundation Inc ($372k), Mercer County Fair & Horse Show Inc ($372k) and Cone Health Philanthropic Foundation ($372k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Other salaries and wages came to $23k. At year end it held assets of $655k against liabilities of $3,478, net assets of $652k.