Discovering Amistad

Analysis

Discovering Amistad is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Discovering Amistad reported income of $750k and spending of $826k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $729k to $750k (+2.8%), an average of +0.7% a year. The sharpest change came in the year to June 2022, when income rose by 138%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Discovering Amistad sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Delaware Foundation for Science and Mathematics Education ($750k), Nolan Ryan Foundation ($750k) and Rockland Center for the Arts Inc ($750k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $104k (13% of expenses). Other salaries and wages came to $162k. At year end it held assets of $924k against liabilities of $121k, net assets of $803k. It reported 15 employees.