Fund for Santa Maddalena Inc

Analysis

Fund for Santa Maddalena Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fund for Santa Maddalena Inc reported income of $950k and spending of $150k, leaving 84% of income unspent that year. Over the whole period it spent 16% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fund for Santa Maddalena Inc sits at the 85th percentile: it is larger than about 85% 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 Lincoln Park Conservancy Inc ($950k), Neutral Zone ($950k) and Friends of the Brattleboro Music Center Inc ($950k).

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 $549k against liabilities of $0, net assets of $549k.