4heads Inc

Analysis

4heads Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 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 (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, 4heads Inc reported income of $51k and spending of $38k, leaving 24% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $398k to $51k (-87%), an average of -50% a year. The sharpest change came in the year to December 2022, when income rose by 168%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 4heads Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include North American Victorian Studies Association ($51k), Waseca Sleigh and Cutter Festival Association Inc ($51k) and Townies Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $30k against liabilities of $337, net assets of $30k.