Mary F Clancy Charities Inc

Analysis

Mary F Clancy Charities Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 2017, 9 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 May 2023, Mary F Clancy Charities Inc reported income of $68k and spending of $96k, spending 141% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $94k to $68k (-27%), an average of -7.7% a year. The sharpest change came in the year to May 2022, when income rose by 55%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mary F Clancy Charities Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Vernon Julianne and Sylvia Julianne Trust ($68k), Jubilee Park & Community Center Endowment Fund ($68k) and Anaheim Police Department Foundation ($68k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 30% of the total. Compensation of current officers, directors and key employees was $28k (29% of expenses). At year end it held assets of $751k against liabilities of $0, net assets of $751k. It reported 1 employees.