Staten Island Institute of Arts and Sciences

Analysis

Staten Island Institute of Arts and Sciences is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in June 1940, 86 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 June 2023, Staten Island Institute of Arts and Sciences reported income of $2.5m and spending of $2.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.5m (+16%), an average of +3.8% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Staten Island Institute of Arts and Sciences sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Centro de Periodismo Investigativo Inc ($2.5m), Italian American Community Center Inc ($2.5m) and Potlatch Fund ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $252k (10% of expenses). Other salaries and wages came to $774k. At year end it held assets of $3.4m against liabilities of $277k, net assets of $3.2m. It reported 26 employees.