Bowery Artists Inc

Analysis

Bowery Artists Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1993, 33 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 August 2023, Bowery Artists Inc reported income of $117k and spending of $115k, spending 98% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $108k to $117k (+8.4%), an average of +8.4% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bowery Artists Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Island Angels Ltd ($117k), Evolution Arts Inc ($117k) and Smokestack Theatre Company ($117k).

On its Form 990-EZ for the period ending August 2023, revenue came from program service revenue 28% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.