Greater Ny Foundation

Analysis

Greater Ny Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Greater Ny Foundation reported income of $602k and spending of $409k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $344k to $602k (+75%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Ny Foundation 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 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Starter Studio FL Inc ($602k), Xleratehealth Non-Profit Inc ($602k) and Thrive Santa Ana ($602k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $103k (25% of expenses). Other salaries and wages came to $174k. At year end it held assets of $825k against liabilities of $9,508, net assets of $815k. It reported 4 employees.