Streb Inc

Analysis

Streb Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1985, 41 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 June 2023, Streb Inc reported income of $1.6m and spending of $1.9m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $1.6m (-26%), an average of -7.1% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. 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, Streb Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Journey Through Hallowed Ground Partnership ($1.6m), Fox-Wolf Watershed Alliance Inc ($1.6m) and Nimbus Dance Works Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $259k (13% of expenses). Other salaries and wages came to $787k. It paid $66k in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $951k, net assets of $662k. It reported 75 employees.