Foundation for Ethnic Understanding

Analysis

Foundation for Ethnic Understanding is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1990, 36 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, Foundation for Ethnic Understanding reported income of $1.7m and spending of $1.4m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.7m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for Ethnic Understanding sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Land of the Free Foundation ($1.7m), Community Foundation of South Lake County Inc ($1.7m) and Haven of Hope ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $740k (54% of expenses). At year end it held assets of $296k against liabilities of $632k, net assets of -$335k. It reported 3 employees.