Cycladic Art Foundation

Analysis

Cycladic Art Foundation is a registered charity in United States, based in Woodbury, NY. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Cycladic Art Foundation reported income of $287k and spending of $352k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $434k to $287k (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2022, when income rose by 223%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cycladic Art Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include WFG Foundation Inc ($287k), Impactbtc Foundation ($287k) and Staples Share Fund Inc ($287k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.