Tory Burch Foundation Inc

Analysis

Tory Burch Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Tory Burch Foundation Inc reported income of $3.5m and spending of $2.8m, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.1m to $3.5m (+15%), an average of +3.7% a year. The sharpest change came in the year to September 2020, when income rose by 77%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tory Burch Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Interfaith Family Services ($3.5m), Moving Out Inc ($3.5m) and Be Strong International Inc ($3.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $17.4m against liabilities of $215k, net assets of $17.2m.