Finlandia Foundation New York Metropolitan Chapter Inc

Analysis

Finlandia Foundation New York Metropolitan Chapter Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1964, 62 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 December 2023, Finlandia Foundation New York Metropolitan Chapter Inc reported income of $118k and spending of $84k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $118k (+135%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 3278%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Finlandia Foundation New York Metropolitan Chapter Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Alabama Institute for Education in the Arts ($118k), 501 See Three Arts ($118k) and Independent Mountain Men Living History Society Inc ($118k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 20% of the total. Other salaries and wages came to $12k. At year end it held assets of $770k against liabilities of $391, net assets of $770k. It reported 9 employees.