Lyford Cay Foundation Inc

Analysis

Lyford Cay Foundation Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in July 1969, 57 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lyford Cay Foundation Inc reported income of $3.0m and spending of $2.1m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.5m to $3.0m (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2021, when income rose by 223%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lyford Cay Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Northwest Wine Benefit Foundation ($3.0m), The Schenectady Foundation ($3.0m) and Outer Banks Community Foundation Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $653k. At year end it held assets of $33.4m against liabilities of $178k, net assets of $33.3m.