Untermyer Performing Arts Council Inc

Analysis

Untermyer Performing Arts Council Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in October 1995, 31 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, Untermyer Performing Arts Council Inc reported income of $55k and spending of $66k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $63k to $55k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2020, when income rose by 71%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Untermyer Performing Arts Council Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Edinburg Arts Foundation ($55k), Coliseum Museum of Art Antiques and Americana Foundation ($55k) and Prince William Little Theatre Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.

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.