American Research Center in Egypt Inc

Analysis

American Research Center in Egypt Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 June 2023, American Research Center in Egypt Inc reported income of $3.5m and spending of $6.0m, spending 173% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.7m to $3.5m (-5.3%), an average of -1.4% a year. The sharpest change came in the year to June 2020, when income rose by 99%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Research Center in Egypt Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Uss Constitution Museum Inc ($3.5m), Main Street Theater Houston ($3.5m) and Boxcar Theatre Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $573k (9.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $92.3m against liabilities of $17.1m, net assets of $75.2m. It reported 13 employees.