Wish of Rockaway Inc

Analysis

Wish of Rockaway Inc is a registered charity in United States, based in Belle Harbor, NY. It received its IRS tax-exemption ruling in February 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wish of Rockaway Inc reported income of $87k and spending of $57k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $95k to $87k (-8.8%), an average of -4.5% a year. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wish of Rockaway Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include A J Williams-Myers African Roots Community Center Inc ($87k), Rotary Club of San Carlos Community Service Inc ($87k) and Indiana Apartment Assoc Anthony G Gorup Education Foundation Inc ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 193% of the total. At year end it held assets of $131k against liabilities of $0, net assets of $131k.