Sevenars Concerts Inc

Analysis

Sevenars Concerts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1976, 50 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, Sevenars Concerts Inc reported income of $106k and spending of $84k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $159k to $106k (-34%), an average of -9.7% a year. The sharpest change came in the year to December 2022, when income rose by 231%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sevenars Concerts Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Feath3r Theory Inc ($105k), Association to Preserve African American Society History & Trade ($106k) and Community Artist Will Inc ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $1.1m against liabilities of $442, net assets of $1.1m.