Needlers Foundation

Analysis

Needlers Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1980, 46 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, Needlers Foundation reported income of $167k and spending of $156k, spending 93% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $212k to $167k (-21%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Needlers Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Black Hills Mining Museum ($167k), North Carolina Living Historical Farm Committee Inc ($167k) and Huntley Project Museum ($167k).

At year end it held assets of $90k against liabilities of $0, net assets of $90k.