New York State Local Government Services Foundation Inc

Analysis

New York State Local Government Services Foundation Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New York State Local Government Services Foundation Inc reported income of $2.5m and spending of $2.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.5m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York State Local Government Services Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Foundation for the Homeless Inc ($2.5m), Arrupe Corporate Work Study Program ($2.5m) and Alabama Arise ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $275k. At year end it held assets of $142k against liabilities of $0, net assets of $142k. It reported 3 employees.

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.