Afro Brazil Arts Inc

Analysis

Afro Brazil Arts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1992, 34 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 August 2023, Afro Brazil Arts Inc reported income of $290k and spending of $275k, spending 95% of its income. Across the 3 years on record, from August 2019 to August 2023, income grew from $278k to $290k (+4.2%), an average of +2.1% a year. The sharpest change came in the year to August 2023, when income rose by 64%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Afro Brazil Arts Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Islamic Leadership Institute of America ($290k), Hamilton Hill Drop-In Arts & Crafts Center ($290k) and Current Media Inc ($290k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $88k (32% of expenses). Other salaries and wages came to $83k. At year end it held assets of $83k against liabilities of $52k, net assets of $31k. It reported 18 employees.