Careers Through Culinary Arts Program Inc

Analysis

Careers Through Culinary Arts Program Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Careers Through Culinary Arts Program Inc reported income of $4.8m and spending of $4.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.6m to $4.8m (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Careers Through Culinary Arts Program Inc 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 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include El Centro Inc ($4.8m), Portage Private Industry Council Inc ($4.8m) and Operating Engineers 103 Iuoe Apprenticeship & Training Program ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $395k (8.4% of expenses). Other salaries and wages came to $1.2m. It paid $24k in professional fundraising fees. At year end it held assets of $2.8m against liabilities of $1.5m, net assets of $1.3m. It reported 32 employees.