New York Insurance Shroleship Foundation Inc

Analysis

New York Insurance Shroleship Foundation Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New York Insurance Shroleship Foundation Inc reported income of $56k and spending of $21k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $29k to $56k (+91%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New York Insurance Shroleship Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Philadelphia Meditation Center Inc ($56k), Southern Alumni Scholarship Foundation Inc ($56k) and Frederick Douglass Alumni Association Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $375k against liabilities of $0, net assets of $375k.