Patchogue Arts Council Inc

Analysis

Patchogue Arts Council Inc is a registered charity in United States, based in Patchogue, NY. It received its IRS tax-exemption ruling in February 2009, 17 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 December 2023, Patchogue Arts Council Inc reported income of $577k and spending of $556k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $500k to $577k (+15%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Patchogue Arts Council Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Williamston Theatre ($577k), Society for Ethnomusicology Inc Office of Secretary Dept of Music ($577k) and Africatown Redevelopment Corporation ($577k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $90k (16% of expenses). Other salaries and wages came to $16k. At year end it held assets of $190k against liabilities of $98k, net assets of $92k. It reported 2 employees.