New York Neo-Futurists

Analysis

New York Neo-Futurists is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 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 June 2023, New York Neo-Futurists reported income of $358k and spending of $527k, spending 147% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $215k to $358k (+67%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 325%. Over the whole period it spent 100% 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 Neo-Futurists sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Arcadia Performing Arts Inc ($358k), National Lighthouse Museum ($358k) and Wimberley Players Inc ($358k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $113k (21% of expenses). Other salaries and wages came to $183k. At year end it held assets of $33k against liabilities of $8,069, net assets of $25k. It reported 54 employees.