Razom Inc

Analysis

Razom Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2015, 11 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, Razom Inc reported income of $51.0m and spending of $53.0m, spending 104% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $243k to $51.0m (+20916%), an average of +1350% a year. The sharpest change came in the year to December 2022, when income rose by 35827%. Over the whole period it spent 83% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Razom Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Results for Development Institute Inc ($50.9m), Water Org Inc ($51.5m) and Rhodes Trust ($50.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $553k (1.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $24.0m against liabilities of $304k, net assets of $23.7m. It reported 27 employees.