Friends of Lancaster University in America Inc

Analysis

Friends of Lancaster University in America 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 December 2023, Friends of Lancaster University in America Inc reported income of $198k and spending of $28k, leaving 86% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $282k to $198k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Lancaster University in America Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Peter G Colton Memorial Fund ($198k), Ems Success ($198k) and Friends of Canfield ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $183k against liabilities of $0, net assets of $183k.