Long Island Arts Alliance Inc

Analysis

Long Island Arts Alliance Inc is a registered charity in United States, based in Patchogue, NY. It received its IRS tax-exemption ruling in September 2007, 19 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, Long Island Arts Alliance Inc reported income of $118k and spending of $123k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $161k to $118k (-27%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Long Island Arts Alliance Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Milton-Freewater Area Historical Society Inc ($118k), Icannwiki ($118k) and Tee Movers for Chinese Church ($118k).

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 $66k against liabilities of $23k, net assets of $43k.