Eb Charitable Foundation Inc

Analysis

Eb Charitable Foundation Inc is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Eb Charitable Foundation Inc reported income of $530k and spending of $30k, leaving 94% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $460k to $530k (+15%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 1324425%. Over the whole period it spent 4.8% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eb Charitable Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Bob Perks Cancer Assistance Fund ($530k), Saint Provision CDC ($530k) and Art Spark Texas ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $905k against liabilities of $2,231, net assets of $903k.