Day of Independence Committee of Panamanians in New York Inc

Analysis

Day of Independence Committee of Panamanians in New York Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Day of Independence Committee of Panamanians in New York Inc reported income of $142k and spending of $151k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $142k (+94%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Day of Independence Committee of Panamanians in New York Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Ian Fleming Foundation ($142k), Edina Abc Foundation ($142k) and Guerreros Azules Corp ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $8,482 against liabilities of $0, net assets of $8,482.