Associates of the University of Toronto Inc

Analysis

Associates of the University of Toronto Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1949, 77 years ago. 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, Associates of the University of Toronto Inc reported income of $2.9m and spending of $3.2m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.6m to $2.9m (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. 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, Associates of the University of Toronto 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 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Saban Center Foundation ($2.9m), Taylor Manor Inc ($2.9m) and Hillel the Foundation for Jewish Campus Life ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $504k against liabilities of $2,602, net assets of $501k.