Association for Cultural Equity Inc

Analysis

Association for Cultural Equity Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Association for Cultural Equity Inc reported income of $543k and spending of $441k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $386k to $543k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Association for Cultural Equity Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Leap to Success Inc ($542k), Erie Art Museum ($543k) and Reservoir Engineering Research Institute ($542k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $109k (25% of expenses). Other salaries and wages came to $33k. At year end it held assets of $163k against liabilities of $12k, net assets of $151k. It reported 3 employees.