Russian Children Studio of Language Arts and Culture Inc

Analysis

Russian Children Studio of Language Arts and Culture Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Russian Children Studio of Language Arts and Culture Inc reported income of $493k and spending of $475k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $327k to $493k (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Russian Children Studio of Language Arts and Culture Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include World Museum of Mining Inc ($493k), Americana Music Association Foundation ($493k) and Augusta Ferry Authority Inc ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $59k (12% of expenses). Other salaries and wages came to $196k. At year end it held assets of $375k against liabilities of $8,983, net assets of $366k. It reported 10 employees.