Asase Yaa Cultural Arts Foundation Inc

Analysis

Asase Yaa Cultural Arts Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Asase Yaa Cultural Arts Foundation Inc reported income of $604k and spending of $609k, spending 101% of its income. Across the 4 years on record, from June 2018 to June 2022, income grew from $268k to $604k (+126%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asase Yaa Cultural Arts Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Bedford Hills Free Library ($604k), Covenant Christian School of Mason County ($604k) and Wesley Child Care Center ($604k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 9.6% and program service revenue 90% of the total. At year end it held assets of $16k against liabilities of $96k, net assets of -$80k.