The Azraq Education and Community Fund Inc

Analysis

The Azraq Education and Community Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Azraq Education and Community Fund Inc reported income of $616k and spending of $566k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $157k to $616k (+292%), an average of +41% a year. The sharpest change came in the year to December 2020, when income rose by 153%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Azraq Education and Community Fund Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include October Saves Goalie Challenge ($615k), American College of Radiology Foundation ($616k) and Shayla Bee Fund Inc ($615k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $46k. At year end it held assets of $180k against liabilities of $524, net assets of $179k.