Foundation for the Study of Independent Social Ideas Inc

Analysis

Foundation for the Study of Independent Social Ideas Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 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 December 2023, Foundation for the Study of Independent Social Ideas Inc reported income of $460k and spending of $436k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $425k to $460k (+8.3%), an average of +2.0% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for the Study of Independent Social Ideas Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Harrison County Council on Aging Inc ($460k), South Carolina Midlands Emergency Medical Serv Management Assn ($460k) and Little League Baseball Inc ($460k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $69k (16% of expenses). Other salaries and wages came to $154k. At year end it held assets of $280k against liabilities of $155k, net assets of $125k. It reported 5 employees.