Confluence Philanthropy Inc

Analysis

Confluence Philanthropy Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2011, 15 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 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, Confluence Philanthropy Inc reported income of $247k and spending of $451k, spending 183% of what it took in. Across the 5 years on record, from June 2020 to September 2023, income fell from $1.9m to $247k (-87%), an average of -40% a year. The sharpest change came in the year to September 2023, when income dropped by 90%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Confluence Philanthropy Inc sits at the 62nd percentile: it is larger than about 62% 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 Aini Family Foundation Inc ($247k), Auxiliary to Greenville Hospital System ($247k) and Green and Gold Fund Inc ($247k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $122k (27% of expenses). Other salaries and wages came to $176k. At year end it held assets of $2.4m against liabilities of $327k, net assets of $2.1m.