Alwan Foundation Inc

Analysis

Alwan Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Alwan Foundation Inc reported income of $125k and spending of $129k, spending 103% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $165k to $125k (-24%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alwan Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Museum of Ceramics Foundation ($125k), Norman Dixon Sr Annual Second Line Parade Fund ($125k) and American Karachai-Kavkaz Benevolent Association Inc ($125k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 2.4% and program service revenue 9.6% of the total. At year end it held assets of $16k against liabilities of $62k, net assets of -$46k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.