East Harlem Arts & Education

Analysis

East Harlem Arts & Education is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1979, 47 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, East Harlem Arts & Education reported income of $4.2m and spending of $3.4m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $4.2m (+3.2%), an average of +0.8% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Harlem Arts & Education sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Ask Childhood Cancer Foundation ($4.2m), Humanidad Inc ($4.2m) and Utah High School Activities Association ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $50k (1.5% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $9.6m against liabilities of $6.1m, net assets of $3.5m. It reported 22 employees.