The Misty Copeland Foundation Inc

Analysis

The Misty Copeland Foundation Inc 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. 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, The Misty Copeland Foundation Inc reported income of $1.5m and spending of $944k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $852k to $1.5m (+75%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Misty Copeland Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Beginnings Inc ($1.5m), Barren County Family YMCA Inc ($1.5m) and Artserve Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $178k (19% of expenses). Other salaries and wages came to $262k. At year end it held assets of $1.4m against liabilities of $48k, net assets of $1.4m. It reported 48 employees.