Jacques Marchais Center of Tibetan Arts Inc

Analysis

Jacques Marchais Center of Tibetan Arts Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in September 1973, 53 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, Jacques Marchais Center of Tibetan Arts Inc reported income of $120k and spending of $204k, spending 170% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $214k to $120k (-44%), an average of -18% a year. The sharpest change came in the year to June 2022, when income dropped by 51%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jacques Marchais Center of Tibetan Arts Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Metro Theater Center Foundation ($120k), Portland 5 Centers for the Arts Foundation ($120k) and St Louis Park Friends of the Arts ($120k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 25% of the total. At year end it held assets of $152k against liabilities of $187k, net assets of -$35k.