Wabc Radio Foundation Inc

Analysis

Wabc Radio Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2021, 5 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Wabc Radio Foundation Inc reported income of $86k and spending of $87k, spending 102% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $51k to $86k (+69%), an average of +69% a year. The sharpest change came in the year to August 2023, when income rose by 69%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wabc Radio Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Berean Bus Ministry ($86k), Cotton Electric Charitable Foundation ($86k) and Richland County Auxillary Fairhaven Cafeteria ($86k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $7,096 against liabilities of $0, net assets of $7,096.