Friends of Janes Carousel Inc

Analysis

Friends of Janes Carousel Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Janes Carousel Inc reported income of $765k and spending of $896k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $792k to $765k (-3.5%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 290%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Janes Carousel Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Capital Region Youth Tennis Foundation Inc ($765k), Rushville Fitness and Community Center ($765k) and Greater Boise Aquatics Foundation Inc ($764k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Other salaries and wages came to $564k. At year end it held assets of $372k against liabilities of $49k, net assets of $323k. It reported 29 employees.