Cny Arts Inc

Analysis

Cny Arts Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in October 1961, 65 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 2024, Cny Arts Inc reported income of $4.4m and spending of $4.3m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.1m to $4.4m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cny Arts Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Museum of Science and Industry Inc ($4.4m), National Museum of Wildlife Art of the United States ($4.4m) and Maritime Museum Association of San Diego ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $107k (2.5% of expenses). Other salaries and wages came to $449k. At year end it held assets of $2.1m against liabilities of $722k, net assets of $1.4m. It reported 15 employees.