The University of the Witwatersrand

Analysis

The University of the Witwatersrand is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, The University of the Witwatersrand reported income of $1.6m and spending of $948k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $276k to $1.6m (+477%), an average of +55% a year. The sharpest change came in the year to December 2021, when income rose by 180%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The University of the Witwatersrand sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Southwest Indiana Development Council Inc ($1.6m), Feast Collective ($1.6m) and Guernsey County Community Development Corporation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $99k (10% of expenses). It paid $14k in professional fundraising fees. At year end it held assets of $3.7m against liabilities of $62k, net assets of $3.6m. It reported 1 employees.