Jack Falvo III Foundation Ofschenectady Inc

Analysis

Jack Falvo III Foundation Ofschenectady Inc is a registered charity in United States, based in Gansevoort, NY. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Jack Falvo III Foundation Ofschenectady Inc reported income of $120k and spending of $102k, spending 85% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $116k to $120k (+3.7%), an average of +0.7% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jack Falvo III Foundation Ofschenectady Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Chao Shan Chamber of Commerce ($120k), Accma Community Health Foundation ($121k) and Multi-County Cancer Support Network ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $27k. At year end it held assets of $888k against liabilities of $0, net assets of $888k. It reported 2 employees.