Latvian Assoc Daugavas Vanagi Asv Inc

Analysis

Latvian Assoc Daugavas Vanagi Asv Inc is a registered charity in United States, based in Penfield, NY. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Latvian Assoc Daugavas Vanagi Asv Inc reported income of $77k and spending of $83k, spending 108% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $40k to $77k (+95%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 181%. Over the whole period it spent 142% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Latvian Assoc Daugavas Vanagi Asv Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Great Cranberry Futures Group GCFG ($77k), Harford County Deputy Sheriffsbenevolent Fund Inc ($77k) and The Delaware Valley Legacy Fund ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 39% of the total. At year end it held assets of $436k against liabilities of $0, net assets of $436k.