The Bronx Foundation Inc

Analysis

The Bronx Foundation Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Bronx Foundation Inc reported income of $1.0m and spending of $2.5m, spending 252% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3,500 to $1.0m (+28713%), an average of +312% a year. The sharpest change came in the year to December 2020, when income rose by 132733%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Bronx Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Refugee Health Alliance ($1.0m), Olathe Health Charitable Foundation ($1.0m) and Trellis for Tomorrow ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $300k (12% of expenses). Other salaries and wages came to $299k. It paid $65k in professional fundraising fees. At year end it held assets of $6.4m against liabilities of $470k, net assets of $5.9m. It reported 4 employees.