Upbeat NYC Inc

Analysis

Upbeat NYC Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 2013, 13 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, Upbeat NYC Inc reported income of $566k and spending of $511k, spending 90% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $238k to $566k (+138%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Upbeat NYC 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 Salina Arts and Humanities Foundation ($566k), The Mike Slive Foundation for Prostate Cancer Research ($566k) and Greater Northshire Access Television Inc ($566k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $82k (16% of expenses). Other salaries and wages came to $112k. At year end it held assets of $271k against liabilities of $23k, net assets of $248k. It reported 6 employees.