Liederkranz Foundation Inc

Analysis

Liederkranz Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1953, 73 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Liederkranz Foundation Inc reported income of $1.5m and spending of $840k, leaving 44% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $597k to $1.5m (+151%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 213%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Liederkranz Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Detroit Jewish News Foundation Inc ($1.5m), Ingenuity Incorporated Chicago ($1.5m) and Western Antique Aeroplane Andautomobile Museum ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.0% and program service revenue 40% of the total. Other salaries and wages came to $147k. At year end it held assets of $10.8m against liabilities of $11k, net assets of $10.8m. It reported 4 employees.