Carmine & Robert Desantis Charitable Foundation Inc

Analysis

Carmine & Robert Desantis Charitable Foundation Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in November 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Carmine & Robert Desantis Charitable Foundation Inc reported income of $102k and spending of $46k, leaving 55% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income fell from $207k to $102k (-51%), an average of -21% a year. The sharpest change came in the year to June 2023, when income dropped by 28%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Carmine & Robert Desantis Charitable Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include G Pauline Parker-Ltc Foundation Trust ($102k), Mbano National Assembly Inc ($102k) and Alexandria Library Foundation Inc ($102k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% of the total. At year end it held assets of $512k against liabilities of $0, net assets of $512k.