New Arab American Theater Works

Analysis

New Arab American Theater Works is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 2019, 7 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, New Arab American Theater Works reported income of $95k and spending of $108k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $130k to $95k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Arab American Theater Works sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within MN. Charities of a similar size with the same main cause include Artworks NYC Incorporated ($95k), Organization of Biological Field Stations Inc ($95k) and Sedona Chamber Ballet Company ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $123k against liabilities of $0, net assets of $123k.