German American Society

Analysis

German American Society is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in April 2019, 7 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, German American Society reported income of $498k and spending of $479k, spending 96% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $307k to $498k (+62%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 66%. 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 Society sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Acton Community Access Television Inc ($498k), Studio Route 29 ($498k) and Summerfair Foundation Inc ($498k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $2,032 (0.4% of expenses). Other salaries and wages came to $77k. At year end it held assets of $312k against liabilities of $35k, net assets of $277k. It reported 28 employees.