Ithaca Welcomes Refugees Inc

Analysis

Ithaca Welcomes Refugees Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ithaca Welcomes Refugees Inc reported income of $269k and spending of $190k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $269k (+105%), an average of +105% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ithaca Welcomes Refugees Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Hooah Inc ($269k), Association for Texas Advocates Inc ($269k) and Parenting and Childhood Education ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $62k (33% of expenses). Other salaries and wages came to $48k. At year end it held assets of $196k against liabilities of $0, net assets of $196k. It reported 10 employees.