Transart and Cultural Services Inc

Analysis

Transart and Cultural Services Inc is a registered charity in United States, based in West Park, NY. It received its IRS tax-exemption ruling in July 2018, 8 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, Transart and Cultural Services Inc reported income of $1.2m and spending of $565k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.2m (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2021, when income rose by 1456%. Over the whole period it spent 32% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Transart and Cultural Services Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Woodlands Waterway Arts Council Inc ($1.2m), Dance Aspen ($1.2m) and Hawaii Performing Arts Company Ltd ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Other salaries and wages came to $186k. At year end it held assets of $3.8m against liabilities of $35k, net assets of $3.8m. It reported 6 employees.