Friends of Cedarmere Inc

Analysis

Friends of Cedarmere Inc is a registered charity in United States, based in Roslyn Harbor, NY. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, 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 December 2023, Friends of Cedarmere Inc reported income of $243k and spending of $198k, spending 82% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $474k to $243k (-49%), an average of -28% a year. The sharpest change came in the year to December 2023, when income rose by 486%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Cedarmere Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Uptown Dance Academy Inc ($243k), Music Academy ($243k) and American Meditation Institute ($243k).

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 $224k against liabilities of $0, net assets of $224k.