Friends of Carmel Richmond Inc

Analysis

Friends of Carmel Richmond Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in March 1946, 80 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 March 2023, Friends of Carmel Richmond Inc reported income of $85k and spending of $185k, spending 217% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $127k to $85k (-33%), an average of -9.4% a year. The sharpest change came in the year to March 2020, when income rose by 65%. Over the whole period it spent 82% 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 Carmel Richmond Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Hawaii Obstetrics and Gynecology Research and Education Foundation ($85k), Lenox Baker Childrens Hospital Foundation Inc ($85k) and Rushford Foundation Inc ($85k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $3.4m against liabilities of $4,500, net assets of $3.4m.