Paper Fig Foundation Inc

Analysis

Paper Fig Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Paper Fig Foundation Inc reported income of $55k and spending of $99k, spending 179% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $111k to $55k (-50%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Paper Fig Foundation Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Safe Haven Resources ($55k), Rab Wilkinson Foundation Inc ($55k) and 2twenty Club ($55k).

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 $3,853 against liabilities of $0, net assets of $3,853.