Friends of Caritas SDR Inc

Analysis

Friends of Caritas SDR Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2021, 5 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 December 2023, Friends of Caritas SDR Inc reported income of $234k and spending of $214k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $253k to $234k (-7.2%), an average of -3.7% a year. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Caritas SDR Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Martin County Economic Development Corporation ($234k), Las Vegas New Mexico Community Foundation ($235k) and Junior League of Jacksonville Inc ($234k).

At year end it held assets of $172k against liabilities of $0, net assets of $172k.