Astraea Foundation Inc

Analysis

Astraea Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1979, 47 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 June 2023, Astraea Foundation Inc reported income of $10.1m and spending of $14.4m, spending 144% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.5m to $10.1m (-4.5%), an average of -1.2% a year. The sharpest change came in the year to June 2020, when income rose by 103%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Astraea Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Bond Community Health Center Inc ($10.0m), Educational Resources Inc ($10.1m) and El Bethel Arms Inc ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $415k (2.9% of expenses). Other salaries and wages came to $3.2m. It paid $27k in professional fundraising fees. At year end it held assets of $24.0m against liabilities of $5.0m, net assets of $18.9m. It reported 40 employees.