David Cone Foundation Inc

Analysis

David Cone Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1999, 27 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 December 2023, David Cone Foundation Inc reported income of $90k and spending of $77k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $90k (+61%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, David Cone Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Love Repeated ($90k), Friends of the Muni Inc ($90k) and Kellys Kidz Foundation ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.