Erase Racism Inc

Analysis

Erase Racism Inc is a registered charity in United States, based in Syosset, NY. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Erase Racism Inc reported income of $657k and spending of $833k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $692k to $657k (-5.0%), an average of -1.3% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 103% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Erase Racism Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Nebraska Parent Care Network Inc ($657k), Guardian Partners ($658k) and Northeast Arkansas Childrens Advocacy Center Inc ($657k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $268k (32% of expenses). Other salaries and wages came to $32k. At year end it held assets of $426k against liabilities of $276k, net assets of $150k. It reported 2 employees.