Jay Heritage Center

Analysis

Jay Heritage Center is a registered charity in United States, based in Rye, 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, Jay Heritage Center reported income of $2.0m and spending of $571k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $556k to $2.0m (+265%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 200%. Over the whole period it spent 45% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jay Heritage Center sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Fantasy Theatre Factory Inc ($2.0m), The Sands Point Preserve Conservancy ($2.0m) and Tara Institute of the Performing Arts Incorporated ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $24k (4.1% of expenses). Other salaries and wages came to $55k. At year end it held assets of $11.4m against liabilities of $10k, net assets of $11.4m. It reported 2 employees.