Advertising Women of New York Foundation Inc

Analysis

Advertising Women of New York Foundation Inc is a registered charity in United States, based in Forest Hills, NY. It received its IRS tax-exemption ruling in August 1961, 65 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 May 2021, Advertising Women of New York Foundation Inc reported income of $1.8m and spending of $1.5m, spending 84% of its income. Across the 3 years on record, from May 2019 to May 2021, income fell from $2.0m to $1.8m (-12%), an average of -6.3% a year. The sharpest change came in the year to May 2020, when income dropped by 30%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Advertising Women of New York Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include North Florida Workforce Development Board Inc NFWDB ($1.8m), Have Dreams ($1.8m) and Technical Assistance Corp ($1.8m).

On its Form 990 for the period ending May 2021, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $1.1m against liabilities of $2.0m, net assets of -$920k.