Community Foundation of Oyster Bay Inc

Analysis

Community Foundation of Oyster Bay Inc is a registered charity in United States, based in Oyster Bay, NY. It received its IRS tax-exemption ruling in April 1982, 44 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 December 2023, Community Foundation of Oyster Bay Inc reported income of $440k and spending of $610k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $440k (-83%), an average of -36% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Oyster Bay Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Southampton Bath & Tennis Club Charitable Fund ($440k), 5-Cities Community Service Foundation ($440k) and Ashlin Mae Kleven Foundation ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $7.3m against liabilities of $10k, net assets of $7.3m.