Society for the Advancement of Scandinavian Study

Analysis

Society for the Advancement of Scandinavian Study is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in July 1977, 49 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 December 2023, Society for the Advancement of Scandinavian Study reported income of $301k and spending of $257k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $331k to $301k (-9.1%), an average of -2.3% a year. The sharpest change came in the year to December 2022, when income rose by 115%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for the Advancement of Scandinavian Study sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within IA. Charities of a similar size with the same main cause include Stay Arts ($301k), Cellobello Inc ($301k) and Friends of Chinese Reformed Theological Seminaries ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $79k (31% of expenses). Other salaries and wages came to $58k. At year end it held assets of $1.6m against liabilities of $90, net assets of $1.6m. It reported 1 employees.