Forum on Life Culture & Society Inc

Analysis

Forum on Life Culture & Society Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2011, 15 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 2024, Forum on Life Culture & Society Inc reported income of $228k and spending of $228k, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $344k to $228k (-34%), an average of -7.9% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Forum on Life Culture & Society Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include North Carolina International Folk Festival Inc ($228k), Abilene Ballet Theatre Inc ($228k) and Academy of Music for the Blind ($228k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 2.2% of the total. Other salaries and wages came to $97k. At year end it held assets of $369k against liabilities of $1,093, net assets of $368k. It reported 2 employees.