Modern and Comtemporary Art Support Corp

Analysis

Modern and Comtemporary Art Support Corp 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Modern and Comtemporary Art Support Corp reported income of $188k and spending of $190k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $206k to $188k (-8.7%), an average of -2.2% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Modern and Comtemporary Art Support Corp sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Brunswick Little Theater ($188k), Fakir Musafar Foundation ($188k) and Center for the Study of Partisanship and Ideology ($188k).

At year end it held assets of $1.0m against liabilities of $655k, net assets of $394k.