Eyebeam Atelier Inc

Analysis

Eyebeam Atelier Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Eyebeam Atelier Inc reported income of $1.6m and spending of $1.9m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.6m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Eyebeam Atelier Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Linking Employment Abilities & Potential ($1.6m), International Center for Professional Development ($1.6m) and We Stay-Nos Quedamos Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $125k (6.6% of expenses). Other salaries and wages came to $400k. At year end it held assets of $1.6m against liabilities of $66k, net assets of $1.6m. It reported 8 employees.