The New York Times Communities Fund

Analysis

The New York Times Communities Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1942, 84 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 February 2023, The New York Times Communities Fund reported income of $6.2m and spending of $8.5m, spending 137% of what it took in. Across the 5 years on record, from February 2019 to February 2023, income fell from $9.3m to $6.2m (-33%), an average of -9.6% a year. The sharpest change came in the year to February 2023, when income dropped by 46%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The New York Times Communities Fund sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Thedacare Family of Foundations Inc ($6.2m), Able South Carolina ($6.2m) and Ninos Latinos Unidos Foster Family Agency ($6.2m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 106% of the total. At year end it held assets of $58.7m against liabilities of $6.8m, net assets of $51.9m.