Weizmann Chairs and Scholarships Endowment Inc

Analysis

Weizmann Chairs and Scholarships Endowment Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3).

In the financial year ending June 2023, Weizmann Chairs and Scholarships Endowment Inc reported income of $16.6m and spending of $37.4m, spending 225% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $702.6m to $16.6m (-98%), an average of -61% a year. The sharpest change came in the year to June 2021, when income rose by 221%. Over the whole period it spent 9.8% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Weizmann Chairs and Scholarships Endowment Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Arlington Classics Academy ($16.6m), Childrens Aid College Prep Charter School ($16.6m) and Child Start Incorporated ($16.6m).

Compensation of current officers, directors and key employees was $70k (0.2% of expenses). At year end it held assets of $852.5m against liabilities of $9.5m, net assets of $843.1m.