Arts at the Palace Inc

Analysis

Arts at the Palace Inc is a registered charity in United States, based in Hamilton, 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, Arts at the Palace Inc reported income of $128k and spending of $112k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $130k to $128k (-1.8%), an average of -1.8% a year. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts at the Palace Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include CHHS Choral Boosters ($128k), Costumers Guild West Inc ($128k) and Brockway Truck Preservation Association ($128k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 32% of the total. At year end it held assets of $69k against liabilities of $38, net assets of $69k.