Cfda Foundation Inc

Analysis

Cfda Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1974, 52 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, Cfda Foundation Inc reported income of $6.5m and spending of $5.5m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.5m to $6.5m (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cfda Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include The Visions Fund at the Philadelphia Foundation ($6.5m), Kennesaw State University Athletic Association Inc ($6.5m) and Excellerate Foundation ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $787k (14% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $35.2m against liabilities of $521k, net assets of $34.6m.