Culturehub

Analysis

Culturehub is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 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 2024, Culturehub reported income of $576k and spending of $579k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $408k to $576k (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Culturehub 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 Elizabeth Youth Theater Ensemble ($576k), Armenian General Benvolent Union ($576k) and Dezart Performs ($576k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 7.3% of the total. Other salaries and wages came to $279k. At year end it held assets of $251k against liabilities of $9,808, net assets of $241k. It reported 14 employees.