Underfashion Club Inc

Analysis

Underfashion Club Inc is a registered charity in United States, based in Clinton Cors, NY. It received its IRS tax-exemption ruling in July 1987, 39 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, Underfashion Club Inc reported income of $154k and spending of $278k, spending 180% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $673k to $154k (-77%), an average of -31% a year. The sharpest change came in the year to December 2021, when income dropped by 74%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Underfashion Club Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Electric Earth Concerts ($154k), Pace Telecommunications Center Board ($154k) and Arthaus Inc ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.5% and program service revenue 11% of the total. At year end it held assets of $617k against liabilities of $4,126, net assets of $613k.

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.