New York Pops Inc

Analysis

New York Pops Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1984, 42 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 September 2023, New York Pops Inc reported income of $2.8m and spending of $2.7m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.4m to $2.8m (+14%), an average of +3.3% a year. The sharpest change came in the year to September 2022, when income rose by 90%. 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, New York Pops 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 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Orpheum Theatre Preservation Project Ltd ($2.8m), Newport Historical Society ($2.8m) and City Lore Inc ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $194k (7.1% of expenses). Other salaries and wages came to $1.5m. It paid $52k in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $800k, net assets of $1.3m. It reported 7 employees.