Charidy Foundation

Analysis

Charidy Foundation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover unknown, 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 December 2023, Charidy Foundation reported income of $3.4m and spending of $3.0m, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.4m to $3.4m (+146%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charidy Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Winona Family YMCA ($3.4m), Cenla Community Action Committee Inc ($3.4m) and Utah Association of Family Support Centers Inc ($3.4m).

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 $457k against liabilities of $719k, net assets of -$262k.