Seven West Forty Third Street Foundation Inc

Analysis

Seven West Forty Third Street Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 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, Seven West Forty Third Street Foundation Inc reported income of $115k and spending of $28k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $115k to $115k (-0.7%), an average of -0.2% a year. The sharpest change came in the year to December 2020, when income rose by 107%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seven West Forty Third Street Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Ithaca Festival Inc ($115k), Hotrock Energy Research Organization ($115k) and We Are All Music Foundation Inc ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $267k against liabilities of $7,632, net assets of $259k.