Dia Center for the Arts Inc

Analysis

Dia Center for the Arts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1974, 52 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 June 2023, Dia Center for the Arts Inc reported income of $37.2m and spending of $20.2m, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.7m to $37.2m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 107%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dia Center for the Arts Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Alvin Ailey Dance Foundation Inc ($37.2m), Crosswater Canyon Inc ($37.3m) and Public Media Group of Southern California ($37.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $1.7m (8.5% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $228.6m against liabilities of $3.2m, net assets of $225.4m. It reported 231 employees.