Universal Temple of the Arts Inc

Analysis

Universal Temple of the Arts Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in March 1989, 37 years ago. 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 2022, Universal Temple of the Arts Inc reported income of $240k and spending of $244k, spending 102% of its income. Across the 4 years on record, from June 2019 to June 2022, income fell from $251k to $240k (-4.5%), an average of -1.5% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Universal Temple of the Arts Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Northwestern Youth Athletic Assoc ($240k), Norwalk Area Food Bank Inc ($240k) and St Louis Italian Invitational Golf Tournament for Charities ($239k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $3,661 (1.5% of expenses). At year end it held assets of $186k against liabilities of $159k, net assets of $27k. It reported 1 employees.