Spny Foundation Inc

Analysis

Spny Foundation Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Spny Foundation Inc reported income of $211k and spending of $192k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $135k to $211k (+57%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Spny Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include World Surgical Foundation Inc ($211k), Southern Colorado Retac Inc ($212k) and United Medical and Social Services ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.