Rabat American School Association Inc

Analysis

Rabat American School Association Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in April 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2023, Rabat American School Association Inc reported income of $2.4m and spending of $2.5m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.7m to $2.4m (-75%), an average of -29% a year. The sharpest change came in the year to June 2020, when income dropped by 81%. Over the whole period it spent 166% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rabat American School Association Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within DE. Charities of a similar size with the same main cause include Ym-Ywha of Boro Park ($2.4m), Boy Scouts of America ($2.4m) and WRC Senior Services ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. At year end it held assets of $375k against liabilities of $48k, net assets of $327k.

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.