International Contemporary Ensemble Foundation Inc

Analysis

International Contemporary Ensemble Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 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 July 2023, International Contemporary Ensemble Foundation Inc reported income of $1.4m and spending of $1.6m, spending 110% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.7m to $1.4m (-17%), an average of -4.5% a year. The sharpest change came in the year to July 2021, when income rose by 93%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Contemporary Ensemble Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Kingdom Air Corps Inc ($1.4m), Van Alen Institute Projects in Public Architecture ($1.4m) and Lost Debate Inc ($1.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $263k (17% of expenses). Other salaries and wages came to $307k. At year end it held assets of $1.5m against liabilities of $102k, net assets of $1.4m. It reported 17 employees.