Society of Mayflower Descendants in the State of New York

Analysis

Society of Mayflower Descendants in the State of New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1942, 84 years ago. 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, Society of Mayflower Descendants in the State of New York reported income of $367k and spending of $382k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $489k to $367k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of Mayflower Descendants in the State of New York sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Pioneer Bible Camp ($367k), McKinley High School Foundation ($367k) and McCutchanville Community Association Inc ($367k).

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 $84k (22% of expenses). Other salaries and wages came to $37k. At year end it held assets of $5.9m against liabilities of $0, net assets of $5.9m. It reported 2 employees.