New York Center for Art & Awareness Inc

Analysis

New York Center for Art & Awareness Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 2021, 5 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, New York Center for Art & Awareness Inc reported income of $155k and spending of $155k, spending 100% of its income. Across the 3 years on record, from December 2018 to December 2023, income grew from $10k to $155k (+1416%), an average of +289% a year. The sharpest change came in the year to December 2022, when income rose by 1093%. Over the whole period it spent 134% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New York Center for Art & Awareness 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 50th percentile within CA. Charities of a similar size with the same main cause include New Music on the Point Inc ($155k), Rocknroll Chorus Foundation ($155k) and Ellensburg Dance Ensemble ($155k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 81% of the total. At year end it held assets of $5,820 against liabilities of $0, net assets of $5,820.

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.