Daniel Ferro Vocal Program Inc

Analysis

Daniel Ferro Vocal Program Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1994, 32 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Daniel Ferro Vocal Program Inc reported income of $63k and spending of $135k, spending 216% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $114k to $63k (-45%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 395%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Daniel Ferro Vocal Program Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Austin Hispanic Chamber of Commerce Foundation ($63k), Body Life Ministries ($63k) and Ernest I White Trust Under Article Second Ua Fbo ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $4,285 against liabilities of $201k, net assets of -$196k.