Firemens Association of the State New York Foundation Inc

Analysis

Firemens Association of the State New York Foundation Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Firemens Association of the State New York Foundation Inc reported income of $5.2m and spending of $6.8m, spending 130% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $7.2m to $5.2m (-27%), an average of -7.7% a year. The sharpest change came in the year to September 2021, when income rose by 98%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Firemens Association of the State New York 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 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Advancement Resources Intercultural Significant Education Arise ($5.2m), South Carolina for Online Education Inc ($5.2m) and Legacy Traditional School-East Tucson ($5.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% of the total. Compensation of current officers, directors and key employees was $11k (0.2% of expenses). At year end it held assets of $138.0m against liabilities of $27k, net assets of $138.0m.