Long Island Foundation for Education & Sports Inc

Analysis

Long Island Foundation for Education & Sports Inc is a registered charity in United States, based in PRT Jefferson, NY. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Long Island Foundation for Education & Sports Inc reported income of $121k and spending of $155k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $178k to $121k (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Long Island Foundation for Education & Sports Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Greater Newark Tennis & Education ($121k), Post Falls Junior Tackle & Cheer ($121k) and Suncoast Cheerleading Association ($121k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.