National Arts Club

Analysis

National Arts Club is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1939, 87 years ago. 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 June 2023, National Arts Club reported income of $4.1m and spending of $2.6m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $4.1m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Arts Club sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Ellis Island Honors Society Inc ($4.1m), Gus Giordanos Jazz Dance Chicago Inc ($4.1m) and Jack Goldstein 1998 Charitable TR ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $241k (9.2% of expenses). Other salaries and wages came to $905k. At year end it held assets of $14.1m against liabilities of $1.8m, net assets of $12.3m. It reported 99 employees.