American Arabic Benevolent Association Inc

Analysis

American Arabic Benevolent Association Inc is a registered charity in United States, based in West Roxbury, MA. It received its IRS tax-exemption ruling in May 1975, 51 years ago. 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 Arabic Benevolent Association Inc reported income of $158k and spending of $118k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $125k to $158k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Arabic Benevolent Association Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include St Louis Genealogical Society ($158k), Volunteers of America Inc ($158k) and Overlake Day School Inc ($158k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $68k (58% of expenses). Other salaries and wages came to $26k. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m. It reported 4 employees.