Swiss Benevolent Society of New York N Y

Analysis

Swiss Benevolent Society of New York N Y is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1947, 79 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Swiss Benevolent Society of New York N Y reported income of $633k and spending of $998k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $927k to $633k (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2023, when income rose by 447%. Over the whole period it spent 153% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Swiss Benevolent Society of New York N Y 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 74th percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Katelle Foundation Inc ($633k), Leap Foundation Inc ($633k) and Student Senate of the State University of New York at Delhi ($632k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. Compensation of current officers, directors and key employees was $147k (15% of expenses). Other salaries and wages came to $257k. At year end it held assets of $8.5m against liabilities of $371k, net assets of $8.1m. It reported 5 employees.

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.