Statesman Foundation Inc

Analysis

Statesman Foundation Inc is a registered charity in United States, based in Pleasantville, NY. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Statesman Foundation Inc reported income of $294k and spending of $295k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $222k to $294k (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2022, when income rose by 2050%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Statesman Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Advocate ($294k), Lee Library Association ($294k) and Velocity Swimming ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $25k against liabilities of $6,000, net assets of $19k.