Art Students League of New York

Analysis

Art Students League of New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1939, 87 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Art Students League of New York reported income of $12.1m and spending of $14.1m, spending 116% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $19.9m to $12.1m (-39%), an average of -12% a year. The sharpest change came in the year to May 2022, when income dropped by 22%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art Students League of New York sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include German International School New York ($12.1m), Technical Association of the Pulp & Paper Industry Inc ($12.1m) and St Louis Regional Public Media Inc ($12.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 29% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $534k (3.8% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $106.9m against liabilities of $1.1m, net assets of $105.8m. It reported 266 employees.