American-Russian Aid Association Otrada Inc

Analysis

American-Russian Aid Association Otrada Inc is a registered charity in United States, based in Spring Valley, NY. It received its IRS tax-exemption ruling in March 1969, 57 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, American-Russian Aid Association Otrada Inc reported income of $135k and spending of $83k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $94k to $135k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 109%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American-Russian Aid Association Otrada Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Lee County Arts & Community Center Inc ($135k), Oakbrook Park Chumash Indian Corporation ($135k) and Van Wert Civic Theatre Inc ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 48% of the total. At year end it held assets of $1.9m against liabilities of $185k, net assets of $1.7m.