Comic Relief Inc
- Assets
- $48.7m
- Revenue
- $47.5m
- Investments
- $0.0
- Employees
- 42
- Location
- New York, NY
- Founding
- 03/2007
- Data as of
- 12/2023
- EIN
- 01-0885377
Organization Overview
Comic Relief Inc, operating under the name Comic Relief Us, is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Comic Relief Us employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Comic Relief Us is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Comic Relief Us generated $47.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $39.6m during the year ending 12/2023. While expenses have increased by 5.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Comic Relief Us has awarded 169 individual grants totaling $206,608,376. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMIC RELIEF U.S. IS COMMITTED TO BREAKING THE CYCLE OF INTERGENERATIONAL POVERTY. (SEE SCHEDULE O)WE HARNESS THE POWER OF ENTERTAINMENT TO DRIVE POSITIVE CHANGE, BY RAISING AWARENESS OF COMPLEX SOCIAL AND ECONOMIC ISSUES FACING CHILDREN AND CAREGIVERS LIVING IN POVERTY, AND MOBILIZING THE PUBLIC TO ACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RED NOSE DAY IS A FUNDRAISING CAMPAIGN RUN BY THE NON-PROFIT ORGANIZATIONS COMIC RELIEF, INC (US) AND COMIC RELIEF (UK). IT IS PART OF A GLOBAL MOVEMENT THAT UNITES CELEBRITIES, COMEDY AND THE PUBLIC TO RAISE AWARENESS AND MONEY TO HELP CHILDREN IN NEED IN THE US AND INTERNATIONALLY. RED NOSE DAY HAS RAISED OVER $1 BILLION DOLLARS GLOBALLY IN THE LAST 25 YEARS. IN 2023, THE NINTH ANNUAL RED NOSE DAY WAS HELD ON MAY 25, 2023. WITHIN THE FIRST NINE YEARS, RED NOSE DAY HAS RAISED OVER $365 MILLION IN AMERICA. MONEY RAISED IS USED TO ADDRESS THE IMMEDIATE NEEDS OF CHILDREN BY MAKING GRANTS TO ORGANIZATIONS TO KEEP KIDS SAFE, HEALTHY, EDUCATED AND EMPOWERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Newcomb Board Chair | OfficerTrustee | 1 | $0 |
Richard Curtis Founder, Co-Chair | OfficerTrustee | 1 | $0 |
Richard Hofstetter Director | Trustee | 1 | $0 |
Austyn Biggers Director | Trustee | 1 | $0 |
Michele Ganeless Secretary | OfficerTrustee | 1 | $0 |
David Horne Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Porter Novelli Inc Pr & Communications Services | 12/30/23 | $400,517 |
Wonder Works Studio Inc Gaming Production | 12/30/23 | $292,500 |
Duende Media Inc Digital Services | 12/30/23 | $324,000 |
Mile 13 Llc Cfo And Finance/operations Services | 12/30/23 | $283,084 |
25 Broadway Ballroom Llc Venue Rental, Catering & Production | 12/30/23 | $267,675 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $533,192 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,787,974 |
| Noncash contributions included in lines 1a–1f | $1,456,340 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,321,166 |
| Total Program Service Revenue | $0 |
| Investment income | $1,448,925 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,032 |
| Net Income from Fundraising Events | -$331,913 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,477,210 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,897,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $11,953,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $455,333 |
| Compensation of current officers, directors, key employees. | $112,681 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,847,576 |
| Pension plan accruals and contributions | $128,350 |
| Other employee benefits | $330,309 |
| Payroll taxes | $324,149 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,875 |
| Fees for services: Accounting | $101,301 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $168,667 |
| Fees for services: Investment Management | $10,621 |
| Fees for services: Other | $3,328,692 |
| Advertising and promotion | $636,066 |
| Office expenses | $105,377 |
| Information technology | $419,731 |
| Royalties | $0 |
| Occupancy | $274,023 |
| Travel | $158,273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,771 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $87,103 |
| All other expenses | $18,794 |
| Total functional expenses | $39,583,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,088 |
| Savings and temporary cash investments | $45,788,348 |
| Pledges and grants receivable | $1,442,749 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $129,026 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,234,399 |
| Total assets | $48,676,610 |
| Accounts payable and accrued expenses | $496,633 |
| Grants payable | $17,145,455 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,292,447 |
| Total liabilities | $18,934,535 |
| Net assets without donor restrictions | $29,142,075 |
| Net assets with donor restrictions | $600,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $48,676,610 |
Grants Awarded
Over the last fiscal year, Comic Relief Inc has awarded $16,897,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ALIMA USA INC (THE ALLIANCE FOR INTERNATIONAL MEDICAL ACTION) PURPOSE: PROGRAM SUPPORT | $305,000 |
ALI FORNEY CENTER PURPOSE: PROGRAM SUPPORT | $500,000 |
AMERICAN INDIAN COLLEGE FUND PURPOSE: PROGRAM SUPPORT | $200,000 |
AMREF HEALTH AFRICA PURPOSE: PROGRAM SUPPORT | $32,000 |
BLACK BELT COMMUNITY FOUNDATION PURPOSE: PROGRAM SUPPORT | $200,000 |
CITY YEAR INC PURPOSE: PROGRAM SUPPORT | $1,550,000 |