New York Sun Works Inc

Analysis

New York Sun Works Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover science and technology, 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, New York Sun Works Inc reported income of $5.0m and spending of $4.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.7m to $5.0m (+197%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 213%. Over the whole period it spent 88% 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 York Sun Works 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 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Williamstown Theatre Foundation Inc ($5.0m), Union for Contemporary Art Inc ($5.0m) and Monument Lab ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $175k (3.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $2.9m against liabilities of $530k, net assets of $2.4m. It reported 34 employees.