Yara Arts Group Inc

Analysis

Yara Arts Group Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1990, 36 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 December 2023, Yara Arts Group Inc reported income of $224k and spending of $226k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $224k (+3.2%), an average of +0.8% a year. The sharpest change came in the year to December 2021, when income rose by 94%. 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, Yara Arts Group Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Foundation for South Orange Public Library ($224k), Chinese Cultural Foundation Inc ($224k) and This Stuff Matters ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $28k (12% of expenses). At year end it held assets of $22k against liabilities of $20k, net assets of $1,714.