Palazzo Strozzi Foundation USA Inc

Analysis

Palazzo Strozzi Foundation USA Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 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 December 2023, Palazzo Strozzi Foundation USA Inc reported income of $105k and spending of $247k, spending 235% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $207k to $105k (-49%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 342%. Over the whole period it spent 139% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Palazzo Strozzi Foundation USA Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Valley Fest Inc ($105k), World Kite Museum and Hall of Fame ($105k) and Professional Theatre and Dance Youth Academy ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $405k against liabilities of $0, net assets of $405k.