West Indian American Day Carnival Assn

Analysis

West Indian American Day Carnival Assn is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 1972, 54 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, West Indian American Day Carnival Assn reported income of $2.6m and spending of $1.5m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.6m (+77%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 151%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, West Indian American Day Carnival Assn sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Pittsburgh History & Landmarks Foundation ($2.6m), Newark Midland Theatre Association ($2.6m) and Coffee Quality Institute ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.7m against liabilities of $149k, net assets of $1.5m. It reported 1 employees.