Ny Community Fridge Corp

Analysis

Ny Community Fridge Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Ny Community Fridge Corp reported income of $4.2m and spending of $3.4m, spending 81% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $216k to $4.2m (+1839%), an average of +340% a year. The sharpest change came in the year to December 2022, when income rose by 703%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ny Community Fridge Corp 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 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Frida Kahlo Community Organization ($4.2m), Sheetz Family Charities Inc ($4.2m) and Gingerbread House Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $94k (2.8% of expenses). Other salaries and wages came to $187k. It paid $6,244 in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $116k, net assets of $1.3m. It reported 9 employees.