Move NYC Foundation Inc

Analysis

Move NYC Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 August 2023, Move NYC Foundation Inc reported income of $999k and spending of $895k, spending 90% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $149k to $999k (+570%), an average of +61% a year. The sharpest change came in the year to August 2020, when income rose by 278%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Move NYC Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Day-After-Day Inc ($999k), Art League of Marco Island Inc ($999k) and Catholic Palliative Care Services Inc ($999k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $300k (34% of expenses). Other salaries and wages came to $82k. It paid $66k in professional fundraising fees. At year end it held assets of $969k against liabilities of $40k, net assets of $928k. It reported 6 employees.