Trilok Fusion Arts Inc

Analysis

Trilok Fusion Arts Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2004, 22 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, Trilok Fusion Arts Inc reported income of $1.1m and spending of $1.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.1m (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Trilok Fusion Arts Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Science Atl Inc ($1.1m), American Contemporary Ballet Inc ($1.1m) and Teatro Nuovo Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 56% of the total. Compensation of current officers, directors and key employees was $30k (3.0% of expenses). Other salaries and wages came to $184k. At year end it held assets of $39k against liabilities of $443k, net assets of -$404k. It reported 15 employees.