Sidney & Miriam Loewy Friend Foundation

Analysis

Sidney & Miriam Loewy Friend Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sidney & Miriam Loewy Friend Foundation reported income of $57k and spending of $130, leaving 100% of income unspent that year. Across the 3 years on record, from June 2020 to June 2023, income fell from $6.0m to $57k (-99%), an average of -90% a year. The sharpest change came in the year to June 2023, when income rose by 258082%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Sidney & Miriam Loewy Friend Foundation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Little Hands of Hope Inc ($57k), Bring Good News International Inc ($57k) and Compound Cares Inc ($57k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $279k against liabilities of $0, net assets of $279k.