Carmine Cerone Sportsmen Foundation

Analysis

Carmine Cerone Sportsmen Foundation is a registered charity in United States, based in Rye Brook, NY. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carmine Cerone Sportsmen Foundation reported income of $52k and spending of $55k, spending 105% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $321k to $52k (-84%), an average of -60% a year. The sharpest change came in the year to December 2022, when income dropped by 87%. Over the whole period it spent 24% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Carmine Cerone Sportsmen 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 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Ihm Development Mission ($52k), Robert P Giddines Trust Bradley R Cook & James D Colt Ttee ($52k) and Sanjay Anand Charitable Foundation Inc ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 40% of the total. At year end it held assets of $567k against liabilities of $0, net assets of $567k.