Taras Shevchenko School of Ukrainian Studies of DC Area Inc

Analysis

Taras Shevchenko School of Ukrainian Studies of DC Area Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in August 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Taras Shevchenko School of Ukrainian Studies of DC Area Inc reported income of $160k and spending of $98k, leaving 39% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income grew from $87k to $160k (+83%), an average of +22% a year. The sharpest change came in the year to August 2022, when income rose by 118%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Taras Shevchenko School of Ukrainian Studies of DC Area Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MD. Charities of a similar size with the same main cause include South Dakota Association for the Education of Young Children ($160k), Arkansas School for the Blind Foundation ($160k) and Yeshiva Educational Services Inc ($160k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 22% and program service revenue 74% of the total. At year end it held assets of $194k against liabilities of $0, net assets of $194k.