Childrens Art Carnival

Analysis

Childrens Art Carnival is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2015, 11 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, Childrens Art Carnival reported income of $151k and spending of $143k, spending 95% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $132k to $151k (+14%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Art Carnival sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Music Box Foundation ($151k), Lithuanian Cultural School of Chicago ($151k) and Highlands Choral Society Inc ($151k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. At year end it held assets of $717k against liabilities of $3,110, net assets of $714k.