Wasi Social Innovation Inc

Analysis

Wasi Social Innovation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wasi Social Innovation Inc reported income of $350k and spending of $323k, spending 92% of its income. The sharpest change came in the year to December 2022, when income rose by 311%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wasi Social Innovation Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Waypoint Youth and Community Center Inc ($350k), Therapeutic Justice Foundation Inc ($350k) and Latino Resources Inc ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.9m against liabilities of $3.2m, net assets of $682k.