Fifty Vanderbilt Foundation Inc

Analysis

Fifty Vanderbilt Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Fifty Vanderbilt Foundation Inc reported income of $218k and spending of $91k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $218k (+124%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 1120%. Over the whole period it spent 71% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fifty Vanderbilt Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Marion Park & Recreation Foundation Inc ($218k), Buzz Lightning Baseball Academy Inc ($219k) and Windy City Curling Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $1.3m against liabilities of $6,342, net assets of $1.3m.