Greek America Cultural and Educational Foundation Inc

Analysis

Greek America Cultural and Educational Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2017, 9 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 2023, Greek America Cultural and Educational Foundation Inc reported income of $367k and spending of $401k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $268k to $367k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 153%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greek America Cultural and Educational Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Rhinoleap Productions ($367k), Dare to Defy Productions Inc ($367k) and San Fernando Valley Chinese Cultural Association ($367k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $44k (11% of expenses). At year end it held assets of $354k against liabilities of $2,388, net assets of $352k. It reported 1 employees.