Aapi Montclair Inc

Analysis

Aapi Montclair Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in January 2022, 4 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, Aapi Montclair Inc reported income of $569k and spending of $349k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $249k to $569k (+129%), an average of +129% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aapi Montclair Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Allegany Arts Council Inc ($569k), Phoenix Mens Arts Council ($569k) and Fabric Tempe ($569k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 12% of the total. Other salaries and wages came to $88k. At year end it held assets of $362k against liabilities of $11k, net assets of $352k. It reported 3 employees.