Friends of the Glen Cove Youth Board

Analysis

Friends of the Glen Cove Youth Board is a registered charity in United States, based in Glen Cove, NY. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Friends of the Glen Cove Youth Board reported income of $140k and spending of $114k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $140k (+111%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 236%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Glen Cove Youth Board sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Hospice Volunteers of Waterville Area ($140k), American Friends of Israel Elwyn ($140k) and Urbano Project Inc ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $158k against liabilities of $0, net assets of $158k.