Great Neck Center for the Visual & Performing Arts Inc

Analysis

Great Neck Center for the Visual & Performing Arts Inc is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in January 1994, 32 years ago. 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, Great Neck Center for the Visual & Performing Arts Inc reported income of $1.0m and spending of $991k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.0m (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Great Neck Center for the Visual & Performing Arts 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 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Mid-Michigan Guardianship ($1.0m), Alzheimers of Central Alabama Inc ($1.0m) and Pacific Ballroom Dance ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $85k (8.6% of expenses). Other salaries and wages came to $559k. At year end it held assets of $591k against liabilities of $64k, net assets of $527k. It reported 12 employees.