Ukrainian New Wave Corporation

Analysis

Ukrainian New Wave Corporation is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ukrainian New Wave Corporation reported income of $131k and spending of $120k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $273k to $131k (-52%), an average of -52% a year. The sharpest change came in the year to December 2023, when income dropped by 52%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ukrainian New Wave Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Hammock Thrift Shop Inc ($131k), Conway Senior Services Inc ($131k) and Seeds of Promise ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $33k against liabilities of $1,559, net assets of $32k.