Farrell Boy Foundation Inc

Analysis

Farrell Boy Foundation Inc is a registered charity in United States, based in Manhasset, NY. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Farrell Boy Foundation Inc reported income of $273k and spending of $150k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $497k to $273k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 20% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Farrell Boy Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Sendmemissions Inc ($273k), Hba of Durham Orange & Chatham Counties Foundation Inc ($273k) and Universities Council of Water Resources Inc ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $618k against liabilities of $1,999, net assets of $616k.