New York Festival of Song Inc

Analysis

New York Festival of Song Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1993, 33 years ago. 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 2023, New York Festival of Song Inc reported income of $400k and spending of $411k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $425k to $400k (-5.9%), an average of -1.5% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Festival of Song Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Edwards Day Care Homes Inc ($400k), Cheyenne Rotary Club Foundation ($400k) and American Ukrainian Youth Association of Palatine ($400k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $86k (21% of expenses). Other salaries and wages came to $41k. At year end it held assets of $312k against liabilities of $20k, net assets of $292k. It reported 2 employees.