Aram Soba Raanana Inc

Analysis

Aram Soba Raanana Inc is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in February 2023, 3 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, Aram Soba Raanana Inc reported income of $641k and spending of $604k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $215k to $641k (+197%), an average of +197% a year. The sharpest change came in the year to December 2023, when income rose by 197%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aram Soba Raanana Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Mosaic America ($640k), Congo Square Theatre Company ($641k) and Friends of Arts Council of Greater Denham Springs Inc ($640k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $267k against liabilities of $200k, net assets of $67k.