New York City Tourism Foundation Inc

Analysis

New York City Tourism Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, New York City Tourism Foundation Inc reported income of $453k and spending of $414k, spending 91% of its income. Across the 2 years on record, from December 2019 to December 2022, income grew from $367k to $453k (+24%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New York City Tourism Foundation Inc sits at the 67th percentile: it is larger than about 66% 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 Promise Village Academy ($453k), Anthem Classical Academy ($453k) and Panhellenic Scholarship Foundation ($453k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 114% of the total. At year end it held assets of $357k against liabilities of $139k, net assets of $218k.