New Times Culture and Education Center Inc

Analysis

New Times Culture and Education Center Inc is a registered charity in United States, based in Suwanee, GA. It received its IRS tax-exemption ruling in December 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Times Culture and Education Center Inc reported income of $113k and spending of $97k, spending 86% of its income. Across the 3 years on record, from December 2022 to June 2024, income grew from $41k to $113k (+175%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Times Culture and Education Center Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within GA. Charities of a similar size with the same main cause include Grand Design Inc ($113k), Oomit Corporation ($113k) and Odaiko New England Inc ($113k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $24k against liabilities of $40k, net assets of -$16k.