Restaurant Workers Community Foundation Inc

Analysis

Restaurant Workers Community Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover food, agriculture and nutrition, 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 2022, Restaurant Workers Community Foundation Inc reported income of $947k and spending of $1.4m, spending 152% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $8.0m to $947k (-88%), an average of -66% a year. The sharpest change came in the year to December 2021, when income dropped by 73%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Restaurant Workers Community Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Tudorka Tots Inc ($947k), Buen Dia Corporation ($947k) and Hopee Foundation Inc ($947k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $210k (15% of expenses). Other salaries and wages came to $5,589. At year end it held assets of $1.9m against liabilities of $352k, net assets of $1.6m. It reported 3 employees.