Friends of Argentine Tango Inc

Analysis

Friends of Argentine Tango Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2016, 10 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, Friends of Argentine Tango Inc reported income of $108k and spending of $104k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $108k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. 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 Argentine Tango Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Sunflower Rod and Custom Association ($108k), Way of the Rain Inc ($108k) and Open Arts Minnesota ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. At year end it held assets of $50k against liabilities of $5,540, net assets of $44k.