Bronx Letters Foundation

Analysis

Bronx Letters Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Bronx Letters Foundation reported income of $332k and spending of $584k, spending 176% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $420k to $332k (-21%), an average of -5.7% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bronx Letters Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Veritas Academy ($332k), National Pine Forge Academy Alumni Association ($332k) and Holt Rowland Foundation Inc ($332k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $145k. At year end it held assets of $927k against liabilities of $4,897, net assets of $922k. It reported 6 employees.