Fwa of New York Inc

Analysis

Fwa of New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Fwa of New York Inc reported income of $755k and spending of $1.1m, spending 149% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $755k (-35%), an average of -10% a year. The sharpest change came in the year to June 2021, when income rose by 134%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fwa of New York Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include United Way of McLean County ($754k), Kaplan Educational Foundation ($755k) and The Huron County Community Foundation ($753k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $268k (24% of expenses). Other salaries and wages came to $227k. At year end it held assets of $4.3m against liabilities of $200k, net assets of $4.1m. It reported 7 employees.