Cuban Artists Fund Inc

Analysis

Cuban Artists Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2002, 24 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, Cuban Artists Fund Inc reported income of $175k and spending of $131k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $175k (+193%), an average of +193% a year. The sharpest change came in the year to December 2023, when income rose by 193%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cuban Artists Fund Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Mentone Arts and Culture Center Inc ($175k), Boston Opera Collaborative ($175k) and Friends of the Pound House Foundation ($175k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.