Ethels Foundation for the Arts Inc

Analysis

Ethels Foundation for the Arts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 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, Ethels Foundation for the Arts Inc reported income of $477k and spending of $580k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $607k to $477k (-21%), an average of -5.9% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ethels Foundation for the Arts Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Alliance for Pathways Into Engineering ($477k), Native American Christian Voice Inc ($477k) and Creative Kids Playhouse Childrens Theatre of Orange County ($477k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $70k (12% of expenses). Other salaries and wages came to $246k. At year end it held assets of $504k against liabilities of $32k, net assets of $472k. It reported 6 employees.