Ukrainian American Youth Association Inc

Analysis

Ukrainian American Youth Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1983, 43 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 American Youth Association Inc reported income of $1.6m and spending of $1.3m, spending 85% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $854k to $1.6m (+84%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 73%. 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, Ukrainian American Youth Association Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Climate Foundation ($1.6m), Molecular Medicine Research Institute ($1.6m) and Bonita Wonder Gardens Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 55% of the total. Other salaries and wages came to $167k. At year end it held assets of $2.1m against liabilities of $780k, net assets of $1.3m. It reported 15 employees.