Foundation for New Yorks Strongest Inc

Analysis

Foundation for New Yorks Strongest Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Foundation for New Yorks Strongest Inc reported income of $1.5m and spending of $419k, leaving 73% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $244k to $1.5m (+531%), an average of +151% a year. The sharpest change came in the year to June 2023, when income rose by 244%. Over the whole period it spent 41% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Foundation for New Yorks Strongest Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Deep Portage Foundation ($1.5m), Harvard Conservation Trust ($1.5m) and Gasp ($1.5m).

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 $62k (15% of expenses). Other salaries and wages came to $161k. It paid $4,750 in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $27k, net assets of $1.5m. It reported 2 employees.