Friends of Yad Sarah Inc

Analysis

Friends of Yad Sarah Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1982, 44 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Friends of Yad Sarah Inc reported income of $6.3m and spending of $6.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $6.3m (+65%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friends of Yad Sarah Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Homies Organizing the Mission to Empower Youth Homey ($6.3m), Carlsbad Lifehouse ($6.3m) and Sturdy Health Foundation Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $189k (2.9% of expenses). Other salaries and wages came to $101k. At year end it held assets of $6.5m against liabilities of $1.9m, net assets of $4.6m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.