International Raoul Wallenberg Foundation Inc

Analysis

International Raoul Wallenberg Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, 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, International Raoul Wallenberg Foundation Inc reported income of $69k and spending of $211k, spending 306% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $69k (+4.3%), an average of +1.1% a year. The sharpest change came in the year to December 2020, when income rose by 98%. Over the whole period it spent 188% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, International Raoul Wallenberg Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Colfax Main Street Inc ($69k), Phoenix Economic Development Corporation ($69k) and Center City Development Corporation ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $48k. At year end it held assets of $296k against liabilities of $1.0m, net assets of -$715k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.