Sharons Bridal Fund Inc

Analysis

Sharons Bridal Fund Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sharons Bridal Fund Inc reported income of $145k and spending of $118k, spending 82% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $243k to $145k (-40%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 38% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sharons Bridal Fund Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Grant School Community Foundation ($145k), Joann and Thomas Adler Family Foundation ($145k) and Rotary Foundation of Evansville Inc ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. At year end it held assets of $318k against liabilities of $0, net assets of $318k.