Wharton Business School Club of New York Inc

Analysis

Wharton Business School Club of New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Wharton Business School Club of New York Inc reported income of $77k and spending of $111k, spending 144% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $344k to $77k (-78%), an average of -31% a year. The sharpest change came in the year to June 2021, when income dropped by 73%. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wharton Business School Club of New York Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Cypress High School Grad Night ($77k), Oxford City Schools Education Foundation ($77k) and PTA Kentucky Congress ($77k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 17% of the total. At year end it held assets of $1.1m against liabilities of $45k, net assets of $1.1m.

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.