Daugavas Vanagi Latvian Welfare Association Inc

Analysis

Daugavas Vanagi Latvian Welfare Association Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in October 1974, 52 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Daugavas Vanagi Latvian Welfare Association Inc reported income of $99k and spending of $90k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $116k to $99k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 136%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Daugavas Vanagi Latvian Welfare Association Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Sharswood Foundation ($99k), Sakura-Kai ($99k) and Lyra Music Inc ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 65% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.