Fraternity Without Borders US Corp

Analysis

Fraternity Without Borders US Corp 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 philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Fraternity Without Borders US Corp reported income of $541k and spending of $548k, spending 101% of its income. Across the 4 years on record, from April 2021 to April 2024, income grew from $295k to $541k (+83%), an average of +22% a year. The sharpest change came in the year to April 2023, when income rose by 125%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fraternity Without Borders US Corp 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 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Lawton Community Foundation Affilated Fund of the Okc City Com ($541k), Camp Rising Sun Charitablefoundation Inc ($541k) and Regional Health Services Foundation ($541k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.