Local 1500 Charity Fund Ltd

Analysis

Local 1500 Charity Fund Ltd is a registered charity in United States, based in Westbury, NY. It received its IRS tax-exemption ruling in August 2006, 20 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 December 2023, Local 1500 Charity Fund Ltd reported income of $104k and spending of $94k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $104k (+14%), an average of +14% a year. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Local 1500 Charity Fund Ltd 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 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include CFS - Tee Off for the Kids ($104k), Salute the Troops ($104k) and Princess Ball ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.