International Debutante Ball Foundation Inc

Analysis

International Debutante Ball Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1987, 39 years ago. 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 June 2023, International Debutante Ball Foundation Inc reported income of $793k and spending of $658k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $805k to $793k (-1.4%), an average of -0.4% a year. The sharpest change came in the year to June 2022, when income rose by 225688%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Debutante Ball Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Bridgebuilders International Leadership Network ($793k), Avondale Park Apartments Inc ($794k) and Queens Daughters Day Care Center Incorporated ($793k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. At year end it held assets of $296k against liabilities of $12k, net assets of $285k.