German-American Scholarship Association Inc

Analysis

German-American Scholarship Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1948, 78 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 October 2023, German-American Scholarship Association Inc reported income of $76k and spending of $104k, spending 136% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $272k to $76k (-72%), an average of -27% a year. The sharpest change came in the year to October 2022, when income rose by 112%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, German-American Scholarship Association Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include North Valley Chorale ($76k), Americans for the Arts Foundationinc ($76k) and Everett Civic Music Inc ($76k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 191% of the total. At year end it held assets of $482k against liabilities of $13k, net assets of $469k.

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.