Time in Childrens Arts Initiative

Analysis

Time in Childrens Arts Initiative is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2010, 16 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, Time in Childrens Arts Initiative reported income of $146k and spending of $176k, spending 121% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $246k to $146k (-41%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 36%. 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, Time in Childrens Arts Initiative sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Ayala Choral Booster Inc ($146k), Samahan Filipino American Performing Arts & Education Center ($146k) and Melbourne Art Festival Inc ($146k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $79k (45% of expenses). Other salaries and wages came to $29k. At year end it held assets of $84k against liabilities of $28k, net assets of $56k. It reported 3 employees.