Iraise Girls & Boys International Corporation

Analysis

Iraise Girls & Boys International Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 2022, Iraise Girls & Boys International Corporation reported income of $635k and spending of $650k, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $244k to $635k (+161%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 194%. Over the whole period it spent 113% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Iraise Girls & Boys International Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Florida Elks Charities Inc ($635k), Nest Global ($636k) and Lead by Example and Reverse the Trend ($635k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $151k (23% of expenses). Other salaries and wages came to $350k. At year end it held assets of $387k against liabilities of $327k, net assets of $60k.

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.