New Urban Arts

Analysis

New Urban Arts is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in October 1998, 28 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, New Urban Arts reported income of $1.7m and spending of $1.4m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.7m (+67%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 24%. 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, New Urban Arts sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within RI. Charities of a similar size with the same main cause include American Cabaret Theatre Inc ($1.7m), Mary Louise Curtis Bok Foundation ($1.7m) and The Germanic-American Institute ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.8% of the total. Other salaries and wages came to $699k. At year end it held assets of $2.8m against liabilities of $153k, net assets of $2.7m. It reported 20 employees.