Welsh North American Association Inc

Analysis

Welsh North American Association Inc is a registered charity in United States, based in Trumansburg, NY. It received its IRS tax-exemption ruling in May 1961, 65 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, Welsh North American Association Inc reported income of $221k and spending of $233k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $199k to $221k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Welsh North American Association Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Family Process Institute Inc ($221k), Chamber Music Amici ($221k) and Association of Mathematics Teachers of New Jersey ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $32k (14% of expenses). At year end it held assets of $1.1m against liabilities of $4,394, net assets of $1.1m. It reported 1 employees.