Studentsfirst New York Institute

Analysis

Studentsfirst New York Institute is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2018, 8 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 July 2023, Studentsfirst New York Institute reported income of $1.2m and spending of $730k, leaving 39% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $775k to $1.2m (+55%), an average of +12% a year. The sharpest change came in the year to July 2020, when income rose by 69%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Studentsfirst New York Institute 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 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Centers for Youth and Families Foundation ($1.2m), Froedtert Menomonee Falls Hospital Foundation Inc ($1.2m) and United Way of Waco-Mclennan County ($1.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $191k (26% of expenses). Other salaries and wages came to $466k. At year end it held assets of $2.0m against liabilities of $58k, net assets of $1.9m.