Friends of Morningside Park Inc

Analysis

Friends of Morningside Park Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Friends of Morningside Park Inc reported income of $139k and spending of $129k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $171k to $139k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Morningside Park Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Sugar Bowl Rodeo Association ($139k), Southwest Licking Baseball League Inc ($139k) and Triangle Youth Hockey of North Carolina Inc ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $204k against liabilities of $0, net assets of $204k.