New York City Center Inc

Analysis

New York City Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1976, 50 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, New York City Center Inc reported income of $23.7m and spending of $26.7m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $26.0m to $23.7m (-8.8%), an average of -2.3% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New York City Center Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include National Center for Civil and Humanrights Inc ($23.6m), Vivian Beaumont Theater Inc ($23.7m) and New 42nd Street Inc ($23.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $2.2m (8.2% of expenses). Other salaries and wages came to $10.7m. At year end it held assets of $75.4m against liabilities of $4.5m, net assets of $70.9m. It reported 817 employees.