Erasmus Neighborhood Federation Inc

Analysis

Erasmus Neighborhood Federation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 1991, 35 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, Erasmus Neighborhood Federation Inc reported income of $242k and spending of $224k, spending 93% of its income. Across the 4 years on record, from June 2019 to June 2024, income grew from $175k to $242k (+38%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Erasmus Neighborhood Federation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Friends of the North Castle Public Library Inc ($242k), Womens Fund of Greater Chattanooga ($242k) and Friends of the Palm Beach Countypublic Library Inc ($242k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $50k (22% of expenses). Other salaries and wages came to $50k. At year end it held assets of $230k against liabilities of $21k, net assets of $209k. It reported 2 employees.