National Guild for Community Arts Education Inc

Analysis

National Guild for Community Arts Education Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1963, 63 years ago. 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, National Guild for Community Arts Education Inc reported income of $535k and spending of $1.4m, spending 259% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $535k (-71%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 51%. Over the whole period it spent 149% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Guild for Community Arts Education Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Maysville & Mason County Library Historical & Scientific Associatio ($535k), Traffic Safety Association of Macomb County Inc ($535k) and Sarasota Area Housing Inc ($535k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $185k (13% of expenses). Other salaries and wages came to $527k. At year end it held assets of $495k against liabilities of $131k, net assets of $365k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.