24 Hour Company

Analysis

24 Hour Company is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2017, 9 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, 24 Hour Company reported income of $415k and spending of $482k, spending 116% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $208k to $415k (+99%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 24 Hour Company sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Mondo Bizarro Productions ($415k), The Nnamdi Center for Contemporary Art ($415k) and Johns Creek Symphony Orchestra Inc ($415k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $54k (11% of expenses). Other salaries and wages came to $142k. At year end it held assets of $92k against liabilities of $125k, net assets of -$33k. It reported 8 employees.