Friends of the Cultural Center Inc

Analysis

Friends of the Cultural Center Inc is a registered charity in United States, based in Southampton, NY. It received its IRS tax-exemption ruling in December 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 May 2024, Friends of the Cultural Center Inc reported income of $258k and spending of $233k, spending 90% of its income. Across the 4 years on record, from May 2020 to May 2024, income fell from $310k to $258k (-17%), an average of -5.9% a year. The sharpest change came in the year to May 2022, when income rose by 43%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Cultural Center Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Zygote Press Inc ($258k), Ginger Browns Academy of Performing Arts Inc ($258k) and Causability ($258k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 62% and program service revenue 35% of the total. At year end it held assets of $373k against liabilities of $21k, net assets of $352k.