Agency of International Cooperation for Development

Analysis

Agency of International Cooperation for Development is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2017, 9 years ago. 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, Agency of International Cooperation for Development reported income of $4.4m and spending of $3.7m, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $3.2m to $4.4m (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Agency of International Cooperation for Development sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Harmony Community Development Corporation ($4.4m), National Center for Employee Ownership ($4.4m) and Catholic Comm Foundation of the Archdiocese of Seattle ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $493k (13% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.1m against liabilities of $1.0m, net assets of $2.1m. It reported 15 employees.