1653 Foundation Inc

Analysis

1653 Foundation Inc is a registered charity in United States, based in Huntington, NY. It received its IRS tax-exemption ruling in October 2019, 7 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, 1653 Foundation Inc reported income of $86k and spending of $54k, leaving 37% of income unspent that year. Across the 2 years on record, from August 2023 to August 2024, income grew from $32k to $86k (+168%), an average of +168% a year. The sharpest change came in the year to August 2024, when income rose by 168%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 1653 Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Downtown Blue Springs Main Street Inc ($86k), Texas Hill Country Trail Region ($86k) and Keep San Angelo Beautiful ($86k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.