Ukrainian Institute of America Inc

Analysis

Ukrainian Institute of America Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1954, 72 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Ukrainian Institute of America Inc reported income of $1.2m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $769k to $1.2m (+54%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 104%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ukrainian Institute of America Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Society for Asian Art ($1.2m), Kentucky Music Educators Assn Inc ($1.2m) and American Association of Teachers of Japanese Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 13% of the total. Other salaries and wages came to $158k. At year end it held assets of $6.0m against liabilities of $43k, net assets of $5.9m. It reported 3 employees.