Comic Relief Inc
Comic Relief Inc. consistently directs nearly all spending to programs with no reported officer compensation.
EIN: 10885377 · New York, NY · NTEE: T12 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $10.8M |
| Total Expenses | $39.6M |
| Program Spending | 99% |
| Net Assets | $29.7M |
| Transparency Score | 95/100 |
Is Comic Relief Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Comic Relief Inc directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Comic Relief Inc
Comic Relief Inc (EIN: 10885377) is a nonprofit organization based in New York, NY, classified under NTEE code T12. The organization reported total revenue of $10.8M and total assets of $33.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Comic Relief Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Comic Relief Inc is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 35.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47.5M |
| Total Expenses | $39.6M |
| Surplus / Deficit | +$7.9M |
| Total Assets | $48.7M |
| Total Liabilities | $18.9M |
| Net Assets | $29.7M |
| Operating Margin | 16.6% |
| Debt-to-Asset Ratio | 38.9% |
| Months of Reserves | 14.8 months |
Financial Health Grade: A
In 2023, Comic Relief Inc reported a surplus of $7.9M with revenue exceeding expenses, holds 14.8 months of operating reserves (strong position), has a debt-to-asset ratio of 38.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Comic Relief Inc's revenue has grown at a compound annual growth rate (CAGR) of 35.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.0% | -1.9% | +19.1% |
| 2022 | +48.8% | +1.7% | +41.3% |
| 2021 | -15.4% | +0.9% | +28.9% |
| 2020 | -19.0% | -19.4% | +17.2% |
| 2019 | +7.8% | -5.9% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Comic Relief Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, Comic Relief Inc allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 38.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size and revenue, suggesting a volunteer-led executive structure or compensation handled by an affiliated entity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Comic Relief Inc's IRS 990 filings:
- No reported officer compensation, which is highly unusual for an organization of this scale and could indicate compensation is handled by an affiliated entity not fully transparent in these filings.
Strengths
The following positive indicators were identified for Comic Relief Inc:
- Exceptional program spending ratio, consistently allocating nearly 100% of expenses to programs.
- No reported officer compensation, demonstrating a strong commitment to directing funds to the mission.
- Significant and growing asset base, reaching $48.6 million in 2023, indicating financial health.
- Substantial revenue generation, consistently raising tens of millions of dollars annually for its cause.
Frequently Asked Questions about Comic Relief Inc
Is Comic Relief Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Comic Relief Inc (EIN: 10885377) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Comic Relief Inc spend its money?
Comic Relief Inc directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Comic Relief Inc tax-deductible?
Comic Relief Inc is registered as a tax-exempt nonprofit (EIN: 10885377). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Comic Relief Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Comic Relief Inc is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Comic Relief Inc located?
Comic Relief Inc is headquartered in New York, New York and files with the IRS under EIN 10885377. It is classified under NTEE code T12.
How many years of IRS 990 filings does Comic Relief Inc have?
Comic Relief Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $10.8M in total revenue.
Is Comic Relief Inc. a good charity?
Based on its financial filings, Comic Relief Inc. appears to be a highly effective charity, consistently dedicating nearly all of its expenses to program services and reporting no officer compensation. This indicates a strong commitment to its mission and efficient use of donor funds.
How has Comic Relief Inc.'s revenue trended over time?
Comic Relief Inc.'s revenue has fluctuated significantly, with a peak of $94.1 million in 2017, followed by a dip and then a recovery, reaching $47.4 million in 2023. This suggests a dynamic fundraising environment, likely tied to specific campaigns or events.
What is the organization's financial stability?
The organization appears financially stable, with assets growing to $48.6 million in 2023 and a healthy asset-to-liability ratio. While there have been years where expenses exceeded revenue (e.g., 2018, 2021), the overall trend of asset growth suggests prudent financial management.
Filing History
IRS 990 filing history for Comic Relief Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Comic Relief Inc's revenue has grown by 3856.3%, moving from $1.2M to $47.5M. Total assets increased by 1903.3% over the same period, from $2.4M to $48.7M. Total functional expenses rose by 2960.7%, from $1.3M to $39.6M. In its most recent filing year (2023), Comic Relief Inc reported a surplus of $7.9M, with revenue exceeding expenses. The organization holds $18.9M in liabilities against $48.7M in assets (debt-to-asset ratio: 38.9%), resulting in net assets of $29.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47.5M | $39.6M | $48.7M | $18.9M | — | — |
| 2022 | $53.3M | $40.4M | $40.9M | $19.1M | — | View 990 |
| 2021 | $35.8M | $39.7M | $28.9M | $20.8M | — | View 990 |
| 2020 | $42.4M | $39.3M | $22.4M | $10.5M | — | — |
| 2019 | $52.3M | $48.8M | $19.2M | $10.3M | — | View 990 |
| 2018 | $48.5M | $51.8M | $18.5M | $14.3M | — | View 990 |
| 2017 | $94.1M | $91.9M | $20.7M | $13.2M | — | View 990 |
| 2016 | $38.0M | $34.9M | $12.8M | $7.5M | — | View 990 |
| 2015 | $24.2M | $23.9M | $7.1M | $5.0M | — | View 990 |
| 2014 | $1.0M | $791K | $2.1M | $301K | — | View 990 |
| 2013 | $4K | $108K | $1.8M | $193K | — | View 990 |
| 2012 | $96K | $795K | $2.0M | $356K | — | View 990 |
| 2011 | $1.2M | $1.3M | $2.4M | $57K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47.5M, expenses of $39.6M, and assets of $48.7M (revenue -11.0% year-over-year).
- 2022: Revenue of $53.3M, expenses of $40.4M, and assets of $40.9M (revenue +48.8% year-over-year).
- 2021: Revenue of $35.8M, expenses of $39.7M, and assets of $28.9M (revenue -15.4% year-over-year).
- 2020: Revenue of $42.4M, expenses of $39.3M, and assets of $22.4M (revenue -19.0% year-over-year).
- 2019: Revenue of $52.3M, expenses of $48.8M, and assets of $19.2M (revenue +7.8% year-over-year).
- 2018: Revenue of $48.5M, expenses of $51.8M, and assets of $18.5M (revenue -48.4% year-over-year).
- 2017: Revenue of $94.1M, expenses of $91.9M, and assets of $20.7M (revenue +147.5% year-over-year).
- 2016: Revenue of $38.0M, expenses of $34.9M, and assets of $12.8M (revenue +57.3% year-over-year).
- 2015: Revenue of $24.2M, expenses of $23.9M, and assets of $7.1M (revenue +2203.0% year-over-year).
- 2014: Revenue of $1.0M, expenses of $791K, and assets of $2.1M (revenue +23844.9% year-over-year).
- 2013: Revenue of $4K, expenses of $108K, and assets of $1.8M (revenue -95.4% year-over-year).
- 2012: Revenue of $96K, expenses of $795K, and assets of $2.0M (revenue -92.0% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.3M, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Comic Relief Inc:
Data Sources and Methodology
This transparency report for Comic Relief Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.