Arab American Association of Ny Inc

Analysis

Arab American Association of Ny Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Arab American Association of Ny Inc reported income of $2.5m and spending of $2.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.5m (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arab American Association of Ny Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Pathways Next Step Inc ($2.5m), Community Alliance for the Homeless Inc ($2.5m) and Pioneer House Assisted Living Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $144k (6.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.6m against liabilities of $385k, net assets of $1.2m. It reported 43 employees.