Advertising Club of New York Foundation Inc

Analysis

Advertising Club of New York Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Advertising Club of New York Foundation Inc reported income of $435k and spending of $521k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $499k to $435k (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Advertising Club of New York Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Mathews County School of Country Arts Inc ($435k), National Hispanic Foundation for the Arts ($435k) and Bereaved Parents of the USA ($435k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 4.3% of the total. At year end it held assets of $1.4m against liabilities of $167k, net assets of $1.2m.