122 East 66th Street Foundation Inc

Analysis

122 East 66th Street Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 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, 122 East 66th Street Foundation Inc reported income of $359k and spending of $365k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $861k to $359k (-58%), an average of -20% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 121% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 122 East 66th Street Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Our Fabulous Variety Show Inc ($359k), Hamptons Take 2 Documentary Film Festival Inc ($359k) and Friends of the Lincoln Collection of Indiana Inc ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $1.6m against liabilities of $7,500, net assets of $1.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.