Exoneration Initiative

Analysis

Exoneration Initiative is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover crime and legal-related, 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, Exoneration Initiative reported income of $88k and spending of $609k, spending 694% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $357k to $88k (-75%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 75%. Over the whole period it spent 96% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Exoneration Initiative sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Catholics for Children Inc ($88k), United for Life Foundation ($88k) and Strides in Recovery Inc ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $262k (43% of expenses). Other salaries and wages came to $92k. At year end it held assets of $259k against liabilities of $0, net assets of $259k. It reported 5 employees.