Ukrainian-American Cultural Center Inc

Analysis

Ukrainian-American Cultural Center Inc is a registered charity in United States, based in Watervliet, NY. It received its IRS tax-exemption ruling in January 2014, 12 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, Ukrainian-American Cultural Center Inc reported income of $54k and spending of $86k, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $25k to $54k (+112%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 513%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ukrainian-American Cultural Center Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Culture and Heritage Alliance ($54k), Falcon Playhouse Foundation ($54k) and Sacramento Institute for Music and the Arts ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% of the total. Other salaries and wages came to $11k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 5 employees.