Friends of Universite Laval

Analysis

Friends of Universite Laval is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1968, 58 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, Friends of Universite Laval reported income of $80k and spending of $53k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $80k (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Universite Laval sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Lawton Mobile Meals Inc ($80k), Kennebec Valley Art Association ($80k) and Ride to Work Ministry Nonprofit Inc ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.