Ukrainian Academy of Arts & Sciences in the U S Inc

Analysis

Ukrainian Academy of Arts & Sciences in the U S Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1953, 73 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, Ukrainian Academy of Arts & Sciences in the U S Inc reported income of $112k and spending of $76k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $75k to $112k (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 74% 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 Academy of Arts & Sciences in the U S Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include St Louis African Chorus ($112k), Mixed Magic Theater & Cultural Events Inc ($112k) and HCTV Corporation ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. Other salaries and wages came to $30k. At year end it held assets of $2.4m against liabilities of $1,352, net assets of $2.4m. It reported 2 employees.