Long Island Charities Foundation Inc

Analysis

Long Island Charities Foundation Inc is a registered charity in United States, based in Melville, NY. It received its IRS tax-exemption ruling in May 1977, 49 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Long Island Charities Foundation Inc reported income of $163k and spending of $123k, leaving 25% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $12k to $163k (+1307%), an average of +141% a year. The sharpest change came in the year to September 2021, when income rose by 628%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Long Island Charities Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Sauder Stewardship Foundation Inc ($163k), Backpack Buddies of Georgia Inc ($163k) and Caroline Previdi Foundation Inc ($163k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.2% of the total. At year end it held assets of $175k against liabilities of $0, net assets of $175k.