Philip Cuomo Family Foundation Inc

Analysis

Philip Cuomo Family Foundation Inc is a registered charity in United States, based in Winter SPGS, FL. It received its IRS tax-exemption ruling in June 2022, 4 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, Philip Cuomo Family Foundation Inc reported income of $451k and spending of $120k, leaving 73% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $503k to $451k (-10%), an average of -10% a year. Over the whole period it spent 27% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Philip Cuomo Family Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include United Way of Linn County ($450k), Impact 100 of Northwest Florida Inc ($451k) and Groovy Caring & Giving Fund ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $2.8m against liabilities of $1.9m, net assets of $840k.