Assitej-Usa Incorporated

Analysis

Assitej-Usa Incorporated is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1981, 45 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Assitej-Usa Incorporated reported income of $376k and spending of $399k, spending 106% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $280k to $376k (+34%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Assitej-Usa Incorporated sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Bell Tower Production & Dinner Theater ($376k), Hyasa Center ($376k) and Oregon International Ballet Academy ($375k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $97k (24% of expenses). Other salaries and wages came to $80k. At year end it held assets of $103k against liabilities of $76k, net assets of $26k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.