ERASE RACISM INC
Mission Statement
ERASE Racism is building a racially equitable community on Long Island through its work in fields such as housing, public school education and health. We help level the playing field for disadvantaged populations with research, policy development, education and consulting activities that address institutional and structural racism. Working with community groups, government, and the nearly 1,000 ERASE Racism Partners, we identify the deficiencies in laws, government agency and business practices, and organizational policies that discriminate against and unfairly disadvantage African Americans, Latinos and others; then we advocate for changes in policies and practices in order to create grater racial equity.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
73.1% | 79.8% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
13.2% | 13.5% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
13.8% | 1.4% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
141.1% | 36.4% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
-1.7 mo | 8.0 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
158.4% | 1.6% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
93.0% | 98.6% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-1.0% | 8.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
12.1% | 8.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-43.5% | 3.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $651K | $934K | $-133,528 | 73.1% | 3 |
| 2023 | $657K | $833K | $150K | 72.4% | 2 |
| 2022 | $448K | $674K | $326K | 74.5% | 5 |
| 2021 | $764K | $657K | N/A | — | 0 |
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