Business Council for International Understanding Inc

Analysis

Business Council for International Understanding Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1959, 67 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, Business Council for International Understanding Inc reported income of $9.4m and spending of $9.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.0m to $9.4m (+35%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 102% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Business Council for International Understanding Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include National Committee on United States China Relations Inc ($9.3m), Muso Inc ($9.5m) and International Center for Transitional Justice ($9.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $1.4m (14% of expenses). Other salaries and wages came to $2.3m. It paid $80k in professional fundraising fees. At year end it held assets of $3.7m against liabilities of $2.9m, net assets of $787k. It reported 41 employees.