Friends of Dpny Inc

Analysis

Friends of Dpny Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 2000, 26 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 June 2023, Friends of Dpny Inc reported income of $77k and spending of $232k, spending 303% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $53k to $77k (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2020, when income rose by 45%. Over the whole period it spent 766% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Dpny Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include F B Kirchner Scholarship Fund ($77k), Kings Mountain Associated Parents Inc ($77k) and Educational Services of Hampton Roads Inc ($77k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 91% of the total. At year end it held assets of $12.3m against liabilities of $693k, net assets of $11.6m.

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.