American Committee for the Weizmann Institute of Science Inc

Analysis

American Committee for the Weizmann Institute of Science Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1947, 79 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2023, American Committee for the Weizmann Institute of Science Inc reported income of $130.3m and spending of $154.5m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $108.2m to $130.3m (+20%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 84% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, American Committee for the Weizmann Institute of Science Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include International AIDS Vaccine Initiative Inc ($129.7m), Acdi Voca ($133.4m) and Agra ($128.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% of the total. Compensation of current officers, directors and key employees was $5.1m (3.3% of expenses). Other salaries and wages came to $7.6m. It paid $1.4m in professional fundraising fees. At year end it held assets of $912.8m against liabilities of $22.0m, net assets of $890.8m. It reported 81 employees.