Negro Ensemble Company Inc

Analysis

Negro Ensemble Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1967, 59 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 2022, Negro Ensemble Company Inc reported income of $241k and spending of $359k, spending 149% of what it took in. Across the 2 years on record, from June 2021 to June 2022, income fell from $250k to $241k (-3.5%), an average of -3.5% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Negro Ensemble Company Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Buffalo - Niagara Honor Flight Inc ($241k), Decatur Area Emergency Assistance Ministry ($241k) and Paralyzed Veterans of America ($241k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 93% and program service revenue 7.3% of the total. Other salaries and wages came to $33k. At year end it held assets of $239k against liabilities of $206k, net assets of $34k. It reported 1 employees.