Enactus

Analysis

Enactus is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1981, 45 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, Enactus reported income of $1.6m and spending of $2.9m, spending 185% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.1m to $1.6m (-69%), an average of -25% a year. The sharpest change came in the year to December 2021, when income rose by 140%. Over the whole period it spent 141% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Enactus sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Aspen Historical Society ($1.6m), San Bernardino & Riverside Counties Union Services Agency ($1.6m) and V B R Foundation Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $370k (13% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $532k against liabilities of $1.3m, net assets of -$784k. It reported 31 employees.