Long Island Community Chest Inc

Analysis

Long Island Community Chest Inc is a registered charity in United States, based in E Northport, NY. It received its IRS tax-exemption ruling in April 2000, 26 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, Long Island Community Chest Inc reported income of $217k and spending of $260k, spending 119% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $123k to $217k (+77%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 151%. Over the whole period it spent 124% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Long Island Community Chest Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Give Hope Foundation Inc ($217k), Sheyenne Valley Community Foundation ($217k) and United Way of Hastings ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $194k against liabilities of $162k, net assets of $32k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.