Arts Project of Cherry Grove Inc

Analysis

Arts Project of Cherry Grove Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1981, 45 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Arts Project of Cherry Grove Inc reported income of $195k and spending of $150k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $128k to $195k (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Project of Cherry Grove Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Divine Light World Inc ($195k), Florida Chamber Orchestra Company ($195k) and Stecher and Horowitz Foundation ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 1.2% of the total. At year end it held assets of $337k against liabilities of $0, net assets of $337k.