Elaine Kaufman Cultural Center-Lucy Moses School for Music and Dance

Analysis

Elaine Kaufman Cultural Center-Lucy Moses School for Music and Dance is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1964, 62 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 August 2023, Elaine Kaufman Cultural Center-Lucy Moses School for Music and Dance reported income of $8.7m and spending of $10.2m, spending 117% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $9.2m to $8.7m (-5.2%), an average of -1.3% a year. The sharpest change came in the year to August 2022, when income rose by 117%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elaine Kaufman Cultural Center-Lucy Moses School for Music and Dance 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 95th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Forward Assoc Inc ($8.7m), The American Ceramic Society Inc ($8.8m) and National Institute for Trial Advocacy ($8.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 42% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $643k (6.3% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $31.0m against liabilities of $1.5m, net assets of $29.5m. It reported 361 employees.