Police Fire Memorial Foundation of Yonkers Inc

Analysis

Police Fire Memorial Foundation of Yonkers Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Police Fire Memorial Foundation of Yonkers Inc reported income of $82k and spending of $72k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $178k to $82k (-54%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Police Fire Memorial Foundation of Yonkers Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include The Heidi Group Inc ($82k), Seniors Job Bank Inc ($82k) and Fallon Food Hub ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.