Ellis Island Honors Society Inc

Analysis

Ellis Island Honors Society Inc is a registered charity in United States, based in Franklin SQ, NY. It received its IRS tax-exemption ruling in December 1988, 38 years ago. 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, Ellis Island Honors Society Inc reported income of $4.1m and spending of $534k, leaving 87% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $682k to $4.1m (+495%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 321%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ellis Island Honors Society Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Jack Goldstein 1998 Charitable TR ($4.1m), National Arts Club ($4.1m) and Hawkins County Emergency Medical Services Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $278k. At year end it held assets of $2.6m against liabilities of $38k, net assets of $2.5m. It reported 3 employees.