Islip Arts Council Inc

Analysis

Islip Arts Council Inc is a registered charity in United States, based in East Islip, NY. It received its IRS tax-exemption ruling in February 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 (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, Islip Arts Council Inc reported income of $310k and spending of $343k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $353k to $310k (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Islip Arts Council Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Riverviewjazz Org ($310k), Junction City Main Street Inc ($310k) and Northeast Access Committee ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $90k (26% of expenses). Other salaries and wages came to $8,430. At year end it held assets of $37k against liabilities of $55k, net assets of -$17k. It reported 5 employees.