Ahrc New York City Foundation Inc

Analysis

Ahrc New York City Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1994, 32 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ahrc New York City Foundation Inc reported income of $2.7m and spending of $3.4m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.1m to $2.7m (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ahrc New York City Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Anthony Rizzo Family Foundation ($2.7m), Archdiocese of Milwaukee Catholic Community Foundation Inc ($2.7m) and NW Share ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $234k (6.9% of expenses). Other salaries and wages came to $178k. It paid $78k in professional fundraising fees. At year end it held assets of $35.3m against liabilities of $1.8m, net assets of $33.5m.