New York State Newspapers Foundation

Analysis

New York State Newspapers Foundation is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New York State Newspapers Foundation reported income of $82k and spending of $196k, spending 241% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $82k (+25%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 385%. Over the whole period it spent 192% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, New York State Newspapers Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Helpers of Gods Precious Infants of New Jersey ($81k), North Platte Citizen Advocacy Inc ($82k) and Tennessee Juvenile Court Services Association ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 2.4% of the total. At year end it held assets of $665k against liabilities of $5,522, net assets of $660k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.