Fourth Arts Block Inc

Analysis

Fourth Arts Block Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 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 June 2023, Fourth Arts Block Inc reported income of $536k and spending of $415k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $327k to $536k (+64%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fourth Arts Block Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Great Commission Broadcasting Corporation ($536k), Fargo Moorhead Opera Company ($536k) and Amazwi Global ($536k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $65k (16% of expenses). Other salaries and wages came to $184k. At year end it held assets of $535k against liabilities of $90k, net assets of $445k. It reported 10 employees.