Storefront for Art and Architecture Inc

Analysis

Storefront for Art and Architecture Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1989, 37 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 May 2023, Storefront for Art and Architecture Inc reported income of $756k and spending of $738k, spending 98% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $604k to $756k (+25%), an average of +7.8% a year. The sharpest change came in the year to May 2023, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Storefront for Art and Architecture Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Fort Lauderdale Childrens Theatre Inc ($756k), Bread & Roses Presents ($756k) and American Irish Historical Society Inc ($756k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $121k (16% of expenses). Other salaries and wages came to $73k. At year end it held assets of $549k against liabilities of $79k, net assets of $469k. It reported 4 employees.