Foot Center of New York

Analysis

Foot Center of New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1936, 90 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Foot Center of New York reported income of $1.5m and spending of $4.3m, spending 284% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.5m (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 312% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foot Center of New York sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Global Health Corps Inc ($1.5m), Cardiovascular Innovations Foundation ($1.5m) and Concho Valley Regional Advisory Council Tsa-K ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $245k (5.7% of expenses). Other salaries and wages came to $895k. At year end it held assets of $747k against liabilities of $91.3m, net assets of -$90.6m. It reported 27 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.