Guyana Cultural Association of New York Inc

Analysis

Guyana Cultural Association of New York Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2008, 18 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 March 2024, Guyana Cultural Association of New York Inc reported income of $74k and spending of $90k, spending 121% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income fell from $98k to $74k (-24%), an average of -24% a year. The sharpest change came in the year to March 2024, when income dropped by 24%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Guyana Cultural Association of New York Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Shakespeare in Clark Park ($74k), New Ground Theatre ($74k) and Babylon Masonic Historical Society ($74k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $2,634 against liabilities of $8,977, net assets of -$6,343.