Ancient Egypt Research Asssociates Inc

Analysis

Ancient Egypt Research Asssociates Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1986, 40 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 June 2023, Ancient Egypt Research Asssociates Inc reported income of $794k and spending of $893k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $521k to $794k (+53%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ancient Egypt Research Asssociates Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Phi Theta Kappa Fraternity ($794k), Atascadero Loaves and Fishes ($794k) and Howard County Agricultural Society ($794k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $195k (22% of expenses). Other salaries and wages came to $410k. At year end it held assets of $1.8m against liabilities of $41k, net assets of $1.7m. It reported 6 employees.