Daylight Community Arts Foundation Inc

Analysis

Daylight Community Arts Foundation Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in October 2014, 12 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, Daylight Community Arts Foundation Inc reported income of $482k and spending of $405k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $550k to $482k (-12%), an average of -3.3% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Daylight Community Arts Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Adderley School ($482k), Episcopal Actors Guild of America Inc ($482k) and New Mexico in Depth Inc ($482k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $88k (22% of expenses). At year end it held assets of $725k against liabilities of $4,995, net assets of $720k. It reported 2 employees.