Carl Vincent Bini Memorial Fund

Analysis

Carl Vincent Bini Memorial Fund is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover public and societal 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, Carl Vincent Bini Memorial Fund reported income of $206k and spending of $199k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $198k to $206k (+4.2%), an average of +1.4% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carl Vincent Bini Memorial Fund sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Indian Dental Association in ($206k), White County Historical Society ($206k) and Cross Country Cruisers Inc ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $440k against liabilities of $107k, net assets of $333k.