Urbanglass New York Contemporary Glass Center Inc

Analysis

Urbanglass New York Contemporary Glass Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1983, 43 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 December 2023, Urbanglass New York Contemporary Glass Center Inc reported income of $3.3m and spending of $3.8m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.3m (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2022, when income rose by 41%. 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, Urbanglass New York Contemporary Glass Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Kentucky Center for the Arts Foundation Inc ($3.3m), Columbus Citizens Foundation Inc ($3.3m) and Sultana Historical Preservation Society Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 59% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of $29k. It reported 106 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.