55 Mercer Street Artists Inc

Analysis

55 Mercer Street Artists Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1989, 37 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, 55 Mercer Street Artists Inc reported income of $77k and spending of $97k, spending 126% of what it took in. Across the 3 years on record, from May 2022 to May 2024, income fell from $82k to $77k (-6.5%), an average of -3.3% a year. The sharpest change came in the year to May 2024, when income dropped by 23%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 55 Mercer Street Artists Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Theatre Espresso Incorporated ($77k), Future Arts ($77k) and Jewish Plays Project ($77k).

At year end it held assets of $35k against liabilities of $0, net assets of $35k.