Lehman College Art Gallery Inc

Analysis

Lehman College Art Gallery Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 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 (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 2024, Lehman College Art Gallery Inc reported income of $610k and spending of $614k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $470k to $610k (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2022, when income rose by 210%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lehman College Art Gallery Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Illustration Institute ($610k), Eau Claire Association of Museums Inc ($610k) and Columbia Dance Ensemble ($610k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 41% of the total. At year end it held assets of $2.1m against liabilities of $63k, net assets of $2.0m.