American-Russian Educational Center Inc

Analysis

American-Russian Educational Center Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1998, 28 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, American-Russian Educational Center Inc reported income of $292k and spending of $284k, spending 97% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $232k to $292k (+26%), an average of +8.0% a year. The sharpest change came in the year to May 2022, when income rose by 50%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American-Russian Educational Center Inc 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 61st percentile, and in the 35th percentile within DC. Charities of a similar size with the same main cause include Dal Niente New Music NFP ($292k), Okanogan County Historical Society Incorporated ($292k) and Georgia Music Foundation Inc ($292k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $47k (17% of expenses). Other salaries and wages came to $178k. At year end it held assets of $23k against liabilities of $0, net assets of $23k.