Gramercy Park Block Association Inc

Analysis

Gramercy Park Block Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gramercy Park Block Association Inc reported income of $632k and spending of $512k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $413k to $632k (+53%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gramercy Park Block Association Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Persian Cultural Center ($632k), Appalachian Ballet Company ($632k) and Madison Youth Arts Center Inc ($632k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $53k. At year end it held assets of $2.3m against liabilities of $53k, net assets of $2.3m. It reported 3 employees.