Harlem Needle Arts Inc

Analysis

Harlem Needle Arts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2007, 19 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 December 2023, Harlem Needle Arts Inc reported income of $220k and spending of $210k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $220k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harlem Needle Arts Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Springfield Regional Opera ($220k), Kacyra Family Foundation ($220k) and Community Players Inc ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $47k (22% of expenses). Other salaries and wages came to $1,056. At year end it held assets of $28k against liabilities of $51k, net assets of -$24k. It reported 2 employees.