Wall Street Bound

Analysis

Wall Street Bound is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Wall Street Bound reported income of $534k and spending of $631k, spending 118% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $225k to $534k (+138%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 260%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wall Street Bound sits at the 68th percentile: it is larger than about 68% 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 Greens Do Good Reed ($534k), Maryland Alliance of Public Charter Schools Inc ($534k) and Brook Haven Apartments Inc ($534k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $142k (23% of expenses). Other salaries and wages came to $245k. At year end it held assets of $375k against liabilities of $63k, net assets of $313k. It reported 6 employees.