Lenox Advisors Foundation Inc

Analysis

Lenox Advisors Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2014, 12 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, Lenox Advisors Foundation Inc reported income of $57k and spending of $57k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $57k (+5.0%), an average of +5.0% a year. Over the whole period it spent 128% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lenox Advisors Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Sean C Elmore Memorial Fund Inc ($57k), Wilbur a McClain Trust ($58k) and Harvard Community Education Foundation ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.