Little Saint Nick Foundation Inc

Analysis

Little Saint Nick Foundation Inc is a registered charity in United States, based in East Rockaway, NY. It received its IRS tax-exemption ruling in June 2012, 14 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, Little Saint Nick 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 $439k to $2.5m (+460%), an average of +54% a year. The sharpest change came in the year to December 2021, when income rose by 403%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Little Saint Nick Foundation Inc sits at the 85th percentile: it is larger than about 85% 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 Abundant Life Ministry ($2.5m), Hope Inc ($2.5m) and Spastic Children S Endowment Foundation ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $93k (3.7% of expenses). Other salaries and wages came to $161k. It paid $986k in professional fundraising fees. At year end it held assets of $456k against liabilities of $215k, net assets of $241k. It reported 5 employees.