Center for Financial Stability Inc

Analysis

Center for Financial Stability Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 2023, Center for Financial Stability Inc reported income of $1.2m and spending of $214k, leaving 82% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $183k to $1.2m (+551%), an average of +60% a year. The sharpest change came in the year to June 2023, when income rose by 617%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for Financial Stability Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include The Cedar Cultural Center Inc ($1.2m), Woodstock Film Festival Inc ($1.2m) and Gulf of Maine Properties Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (33% of expenses). Other salaries and wages came to $46k. At year end it held assets of $1.1m against liabilities of $737, net assets of $1.1m.