Ugly Duckling Presse Ltd

Analysis

Ugly Duckling Presse Ltd is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2004, 22 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 August 2023, Ugly Duckling Presse Ltd reported income of $309k and spending of $316k, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $336k to $309k (-8.0%), an average of -2.1% a year. The sharpest change came in the year to August 2022, when income dropped by 34%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ugly Duckling Presse Ltd sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Chinese Theater Works Inc ($309k), Rowland Freedom Center ($309k) and City Sound Drum and Bugle Corps ($309k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $59k (19% of expenses). Other salaries and wages came to $85k. At year end it held assets of $235k against liabilities of $84k, net assets of $151k. It reported 11 employees.