Bowery Mission Foundation Inc

Analysis

Bowery Mission Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2016, 10 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bowery Mission Foundation Inc reported income of $121k and spending of $0, leaving 100% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income fell from $229k to $121k (-47%), an average of -27% a year. The sharpest change came in the year to September 2022, when income dropped by 53%. Over the whole period it spent 0.0% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bowery Mission Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Foundation for Philippine Medical Missions ($121k), Sertoma Inc ($121k) and Giving Tree ($121k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.