New York Foundation for Elder Care

Analysis

New York Foundation for Elder Care is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 1966, 60 years ago. 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, New York Foundation for Elder Care reported income of $230k and spending of $543k, spending 236% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $339k to $230k (-32%), an average of -7.5% a year. The sharpest change came in the year to December 2019, when income rose by 78%. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Foundation for Elder Care sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Larry Sauls and Friends ($230k), Leadership Blount County Inc ($230k) and Health Occupations Students of America ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% of the total. At year end it held assets of $8.1m against liabilities of $4,583, net assets of $8.1m.