Society of Illustrators Inc

Analysis

Society of Illustrators Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1938, 88 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Society of Illustrators Inc reported income of $2.2m and spending of $2.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $2.2m (-6.2%), an average of -1.6% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of Illustrators Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Arrow Rock Lyceum ($2.2m), Chamber Music Northwest ($2.2m) and Japanese Institute of Sawtelle ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $169k (8.0% of expenses). Other salaries and wages came to $605k. At year end it held assets of $6.1m against liabilities of $63k, net assets of $6.0m. It reported 14 employees.