The 42nd Street Workshop Inc

Analysis

The 42nd Street Workshop Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1998, 28 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 June 2023, The 42nd Street Workshop Inc reported income of $130k and spending of $124k, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $124k to $130k (+4.8%), an average of +4.8% 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, The 42nd Street Workshop Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Golden Valley Music Society Inc ($130k), The Sherman Museum ($130k) and Arco Collaborative Inc ($130k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 5.2% of the total. At year end it held assets of $37k against liabilities of $16k, net assets of $21k.