Two East Sixty Second Street Foundation

Analysis

Two East Sixty Second Street Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2001, 25 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, Two East Sixty Second Street Foundation reported income of $6.2m and spending of $2.3m, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $6.2m (+341%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 368%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Two East Sixty Second Street Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Textile Research Institute ($6.2m), Cultural and Heritage Commission of York County ($6.2m) and Channel 5 Public Broadcasting Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $5.8m against liabilities of $0, net assets of $5.8m.