Icny Land Owner Corporation

Analysis

Icny Land Owner Corporation is a registered charity in United States, based in New York City, NY. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Icny Land Owner Corporation reported income of $3.0m and spending of $2.2m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $3.0m (-6.3%), an average of -1.6% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 68% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Icny Land Owner Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Cross Outreach Ministries Inc ($3.0m), Youth with a Mission Gleanings for the Hungry ($3.0m) and Church Planting Network ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $37.5m against liabilities of $13.8m, net assets of $23.7m.