Comic Relief Inc

Analysis

Comic Relief Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2007, 19 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 (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, Comic Relief Inc reported income of $47.5m and spending of $39.6m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $52.3m to $47.5m (-9.3%), an average of -2.4% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Comic Relief Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include United Way Inc ($47.4m), North Carolina Community Foundation Inc ($47.9m) and Jewish Community FDN of the Jewish Federation Council of Greater LA ($47.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $455k (1.2% of expenses). Other salaries and wages came to $3.8m. It paid $169k in professional fundraising fees. At year end it held assets of $48.7m against liabilities of $18.9m, net assets of $29.7m. It reported 42 employees.