Louis D Srybnik Foundation Inc

Analysis

Louis D Srybnik Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2021, 5 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 supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Louis D Srybnik Foundation Inc reported income of $84k and spending of $633k, spending 755% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.3m to $84k (-99%), an average of -66% a year. The sharpest change came in the year to December 2022, when income rose by 159%. Over the whole period it spent 40% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Louis D Srybnik Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Lafayeette Public Library Foundation ($84k), National Charity League ($84k) and Stanley Clemans Fund Uw Melvin G Sperry ($84k).

Compensation of current officers, directors and key employees was $70k (11% of expenses). Other salaries and wages came to $54k. At year end it held assets of $6.8m against liabilities of $277, net assets of $6.8m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.