The Nowodworski Foundation Charity Cultural and Educational Exchange

Analysis

The Nowodworski Foundation Charity Cultural and Educational Exchange is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in December 2002, 24 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, The Nowodworski Foundation Charity Cultural and Educational Exchange reported income of $69k and spending of $51k, leaving 26% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $37k to $69k (+84%), an average of +84% a year. The sharpest change came in the year to June 2023, when income rose by 84%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Nowodworski Foundation Charity Cultural and Educational Exchange sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Memphis Cultural Arts Enrichment Center ($69k), Colorado Vocal Arts Ensemble ($69k) and Klipsch Heritage Museum Association Inc ($69k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. At year end it held assets of $62k against liabilities of $4,079, net assets of $58k.