Processing Foundation

Analysis

Processing Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Processing Foundation reported income of $513k and spending of $1.2m, spending 240% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $274k to $513k (+88%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 3881%. Over the whole period it spent 20% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Processing Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Winston Knolls Foundation for Thriving with Autism ($513k), Wishforward Educational Foundation Inc ($513k) and Cincinnati Psychoanalytic Foundation Inc ($513k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $103k (8.4% of expenses). Other salaries and wages came to $156k. At year end it held assets of $10.4m against liabilities of $17k, net assets of $10.4m. It reported 7 employees.