Hanyc Foundation Inc

Analysis

Hanyc Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Hanyc Foundation Inc reported income of $1.6m and spending of $667k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $1.6m (+656%), an average of +66% a year. The sharpest change came in the year to December 2022, when income rose by 1876%. Over the whole period it spent 44% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Hanyc Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Leroy Emergency Ambulance Service Inc ($1.6m), East Hills Ambulance Association ($1.6m) and Getzville Fire Company Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 83% of the total. Other salaries and wages came to $148k. At year end it held assets of $1.5m against liabilities of $211k, net assets of $1.3m. It reported 3 employees.