Frances Pope Memorial Foundation Inc

Analysis

Frances Pope Memorial Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Frances Pope Memorial Foundation Inc reported income of $203k and spending of $218k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $344k to $203k (-41%), an average of -12% a year. The sharpest change came in the year to December 2021, when income dropped by 42%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Frances Pope Memorial Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Simon Family Foundation ($203k), Israel America Foundation Inc ($203k) and Helpsavelife Inc ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 205% of the total. Compensation of current officers, directors and key employees was $50k (23% of expenses). At year end it held assets of $184k against liabilities of $29k, net assets of $155k. It reported 1 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.