Port Chester Council for the Arts

Analysis

Port Chester Council for the Arts is a registered charity in United States, based in Port Chester, NY. It received its IRS tax-exemption ruling in September 1988, 38 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 March 2023, Port Chester Council for the Arts reported income of $2.1m and spending of $2.3m, spending 110% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $534k to $2.1m (+291%), an average of +58% a year. The sharpest change came in the year to March 2022, when income rose by 1152%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Port Chester Council for the Arts sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Neptunes Navy Inc ($2.1m), As 220 ($2.1m) and Eclectic Soul Voices Corporation ($2.1m).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $104k (4.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $77k against liabilities of $24k, net assets of $53k. It reported 176 employees.