Economic Fundamentals Initiative Inc

Analysis

Economic Fundamentals Initiative Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Economic Fundamentals Initiative Inc reported income of $1.2m and spending of $1.1m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.2m (-6.0%), an average of -1.5% a year. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Economic Fundamentals Initiative Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Oceans Initiative ($1.2m), National Society of Colonial Dames of America CT State ($1.2m) and Better Life Television Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $32k (2.9% of expenses). Other salaries and wages came to $274k. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.