Wall Street Tax Educational Corporation

Analysis

Wall Street Tax Educational Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wall Street Tax Educational Corporation reported income of $179k and spending of $287k, spending 161% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $248k to $179k (-28%), an average of -10% a year. The sharpest change came in the year to June 2020, when income dropped by 32%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wall Street Tax Educational Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Irt Theater Inc ($179k), RBC Sports Inc ($179k) and Jampolsky Outreach Foundation ($179k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $324k against liabilities of $0, net assets of $324k.