Friends of the Ukrainian Bandurists Chorus Inc

Analysis

Friends of the Ukrainian Bandurists Chorus Inc is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in March 1955, 71 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Ukrainian Bandurists Chorus Inc reported income of $197k and spending of $215k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $442k to $197k (-55%), an average of -24% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Ukrainian Bandurists Chorus Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MI. Charities of a similar size with the same main cause include Kalamazoo Book Arts Center ($197k), Stemarts Lab ($197k) and Boston City Lights Foundation Inc ($197k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. At year end it held assets of $235k against liabilities of $18k, net assets of $217k.