Classical Association of the Atlantic States Inc

Analysis

Classical Association of the Atlantic States Inc is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in June 1970, 56 years ago. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Classical Association of the Atlantic States Inc reported income of $305k and spending of $257k, spending 84% of its income. Across the 5 years on record, from March 2019 to December 2022, income grew from $230k to $305k (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Classical Association of the Atlantic States Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Linn County Council of Aging Inc ($305k), National Black Contrtrs Assoc of US ($305k) and N B C U S a Housing Inc Eight ($304k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 20% of the total. Compensation of current officers, directors and key employees was $57k (22% of expenses). At year end it held assets of $3.0m against liabilities of $111k, net assets of $2.9m.