Bowery Arts & Science Ltd

Analysis

Bowery Arts & Science Ltd is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1996, 30 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, Bowery Arts & Science Ltd reported income of $148k and spending of $102k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $129k to $148k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 102% 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 Arts & Science Ltd sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Iranian Association of Boston Inc ($148k), Colorscape Cheango Arts Festival Inc ($148k) and Milford 2nd Street Players Inc ($148k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. At year end it held assets of $82k against liabilities of $440, net assets of $82k.