Center for Initiative in Art Andculture Inc

Analysis

Center for Initiative in Art Andculture Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2008, 18 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, Center for Initiative in Art Andculture Inc reported income of $172k and spending of $182k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $214k to $172k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. 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, Center for Initiative in Art Andculture Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Saving a Heros Place ($172k), Sacred Dance Foundation ($172k) and Taffety Punk Theatre Inc ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $27k against liabilities of $8,113, net assets of $19k.