Burmese American Initiative Inc

Analysis

Burmese American Initiative Inc is a registered charity in United States, based in Springfield, MI. It received its IRS tax-exemption ruling in September 2013, 13 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 (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, Burmese American Initiative Inc reported income of $1.6m and spending of $554k, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $342k to $1.6m (+371%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 259%. Over the whole period it spent 38% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Burmese American Initiative Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include South Carolina Childrens Theatre ($1.6m), Clairvaux Institute ($1.6m) and Country Dance & Song Society Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $71k (13% of expenses). Other salaries and wages came to $218k. At year end it held assets of $4.0m against liabilities of $160k, net assets of $3.8m. It reported 22 employees.