Foundation for the Ban Ki-Moon Centre

Analysis

Foundation for the Ban Ki-Moon Centre is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 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, Foundation for the Ban Ki-Moon Centre reported income of $1.2m and spending of $480k, leaving 61% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $301k to $1.2m (+305%), an average of +305% a year. The sharpest change came in the year to December 2023, when income rose by 305%. Over the whole period it spent 51% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation for the Ban Ki-Moon Centre sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include The Store Inc ($1.2m), Mountains and Plains Institute for Lifelong Learning and Service Inc ($1.2m) and Metabolic Terrain Institute of Health ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $142k (30% of expenses). It paid $16k in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $25k, net assets of $1.0m. It reported 1 employees.