Friends of Georgica Pond Foundation Inc

Analysis

Friends of Georgica Pond Foundation Inc is a registered charity in United States, based in Wainscott, NY. It received its IRS tax-exemption ruling in August 2015, 11 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, Friends of Georgica Pond Foundation Inc reported income of $532k and spending of $524k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $285k to $532k (+87%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 105%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Georgica Pond Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Foundation4arts Inc ($532k), Kathys House Inc ($532k) and New Life Mission ($532k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $134k (26% of expenses). At year end it held assets of $1.2m against liabilities of $30k, net assets of $1.1m.