Federation of Cypriot American Organizations Inc

Analysis

Federation of Cypriot American Organizations Inc is a registered charity in United States, based in Astoria, NY. It received its IRS tax-exemption ruling in November 2015, 11 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, Federation of Cypriot American Organizations Inc reported income of $258k and spending of $304k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $286k to $258k (-9.7%), an average of -2.5% a year. The sharpest change came in the year to December 2021, when income rose by 138%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Federation of Cypriot American Organizations Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Association for Asian American Studies ($258k), Russian Center of San Francisco ($258k) and Ginger Browns Academy of Performing Arts Inc ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $667k against liabilities of $12k, net assets of $656k.