New York Yankees Foundation Inc

Analysis

New York Yankees Foundation Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 1963, 63 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, New York Yankees Foundation Inc reported income of $2.7m and spending of $1.9m, leaving 32% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $2.5m to $2.7m (+8.1%), an average of +2.0% a year. The sharpest change came in the year to April 2022, when income rose by 251%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Yankees Foundation Inc sits at the 88th percentile: it is larger than about 88% 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 Dwight School Foundation ($2.7m), Northwest Wisconsin Workforce Investment Board Inc ($2.8m) and The James Madison Institute for Public Policy Studies Inc ($2.7m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 56% and program service revenue 52% of the total. It paid $95k in professional fundraising fees. At year end it held assets of $2.2m against liabilities of $799k, net assets of $1.4m.