Ernst & Young Foundation

Analysis

Ernst & Young Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1959, 67 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Ernst & Young Foundation reported income of $19.8m and spending of $22.1m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.9m to $19.8m (+5.2%), an average of +1.3% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ernst & Young Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include New Academy ($19.8m), Benedictine Educational Foundation ($19.9m) and California Virtual Academy at Sutter ($19.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $41.7m against liabilities of $3.6m, net assets of $38.0m.