Norte Maar for Collaborativeprojects in the Arts

Analysis

Norte Maar for Collaborativeprojects in the Arts is a registered charity in United States, based in Brooklyn, 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Norte Maar for Collaborativeprojects in the Arts reported income of $51k and spending of $54k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $104k to $51k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Norte Maar for Collaborativeprojects in the Arts sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Golden Gate Railroad Museum ($51k), Historic Eleutherian College Inc ($51k) and Polyhymnia Music Foundation Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. At year end it held assets of $41k against liabilities of $3,491, net assets of $38k.