118 East 111th Street Corp

Analysis

118 East 111th Street Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 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 June 2023, 118 East 111th Street Corp reported income of $460k and spending of $515k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $214k to $460k (+115%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 45%. Over the whole period it spent 118% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, 118 East 111th Street Corp sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Here in Jackson County Inc ($460k), International Assoc of Lions Clubs ($462k) and Park People of Milwaukee County Inc ($460k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $301k against liabilities of $187k, net assets of $114k.

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.