Financial Services Volunteer Corps Inc

Analysis

Financial Services Volunteer Corps Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1990, 36 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 December 2023, Financial Services Volunteer Corps Inc reported income of $11.8m and spending of $11.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.3m to $11.8m (+60%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Financial Services Volunteer Corps Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Tanager ($11.7m), Israel Tennis Centers Foundation Inc ($11.8m) and Corus Solutions Inc ($11.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $1.1m (9.8% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $9.9m against liabilities of $6.5m, net assets of $3.4m. It reported 16 employees.