Andy K & Friends Charitable Foundation Inc

Analysis

Andy K & Friends Charitable Foundation Inc is a registered charity in United States, based in Pearl River, NY. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 September 2023, Andy K & Friends Charitable Foundation Inc reported income of $51k and spending of $14k, leaving 72% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $611 to $51k (+8167%), an average of +8167% a year. The sharpest change came in the year to September 2023, when income rose by 8167%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Andy K & Friends Charitable Foundation Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Anchor of Esperanza ($50k), Northside High School Boosters Club ($51k) and Temple Beth Avodah Endowment Trust Fund ($50k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $85k against liabilities of $4,880, net assets of $80k.