Friends of Utokyo Inc

Analysis

Friends of Utokyo Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Friends of Utokyo Inc reported income of $338k and spending of $333k, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $296k to $338k (+14%), an average of +2.7% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Utokyo Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Emerging Scholars Program Inc ($338k), Bedford County Chamber Foundation ($338k) and Washington Central Friends of Education Inc ($338k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $826k against liabilities of $306k, net assets of $520k.