Syrian American Society Inc

Analysis

Syrian American Society Inc is a registered charity in United States, based in Nevada, TX. It received its IRS tax-exemption ruling in August 2021, 5 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, Syrian American Society Inc reported income of $52k and spending of $58k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $53k to $52k (-2.5%), an average of -2.5% a year. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Syrian American Society Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include Northwest Iowa Symphony Orchestra ($52k), Museum Associates Inc ($52k) and American Friends of Lativ ($52k).

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 -$6,089 against liabilities of $0, net assets of -$6,089.