International Center of Photography

Analysis

International Center of Photography is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 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, International Center of Photography reported income of $8.0m and spending of $15.0m, spending 189% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $38.1m to $8.0m (-79%), an average of -32% a year. The sharpest change came in the year to June 2020, when income dropped by 65%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Center of Photography sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Asian Pacific Institute on Gender-Based Violence ($8.0m), Film Forum Inc ($8.0m) and Community School of Music and Arts ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $638k (4.2% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $59.8m against liabilities of $15.7m, net assets of $44.1m. It reported 358 employees.