124 FOUNDATION INC
BROOKLYN,
New York,
11210
EIN: 20-1916971
Philanthropy, Voluntarism and Grantmaking Foundations
DEMOGRAPHIC
ADDRESS
1053 E 28TH ST
11210
COUNTY
kings county, NY
IN CARE OF NAME
BENJAMIN BERGER
ORGANIZATIONAL OVERVIEW & RANKINGS
124 FOUNDATION INC is a based in BROOKLYN, NY, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Private Grantmaking Foundations. Established in December 2004, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $81,512.00, this ranks 519,603 among 2,656,690 nonprofits nationally (Top 20%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 40,342 out of 159,053 organizations in NY (Top 26%).
In kings county, NY, the organization ranks 3,326 out of 18,995 nonprofits by assets (Top 18%), while locally in brooklyn, it stands at 3,313 among 18,866 organizations (Top 18%).
The organization reported no revenue in the most recent filing period, placing it at 1,832,317 nationally and 145,262 in NY.
Within its specific NTEE classification (T20 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 31,185 similar organizations, 124 FOUNDATION INC ranks 20,384 in assets (Top 66%) and 29,525 in revenue (Top 95%).
The organization files a 990 - Not required to file(all other) and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T20: Private Grantmaking Foundations
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$144,301.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
12/2004
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$81,512.00
FILING REQUIREMENT CODE
990 - Not required to file(all other)
PF FILING REQUIREMENT CODE
990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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