Ferro Foundation Inc

Analysis

Ferro Foundation Inc is a registered charity in United States, based in Commack, NY. It received its IRS tax-exemption ruling in October 2017, 9 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 November 2023, Ferro Foundation Inc reported income of $142k and spending of $90k, leaving 37% of income unspent that year. Across the 2 years on record, from November 2022 to November 2023, income grew from $99k to $142k (+44%), an average of +44% a year. The sharpest change came in the year to November 2023, when income rose by 44%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ferro Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include National Association of Charitable Gift Planners ($142k), Leona Mary Behrent Charitable TR ($142k) and Morland Community Foundation Inc ($142k).

At year end it held assets of $230k against liabilities of $75, net assets of $230k.