European Cultural Centre-Usa Inc

Analysis

European Cultural Centre-Usa Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, European Cultural Centre-Usa Inc reported income of $823k and spending of $945k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $915k to $823k (-10%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, European Cultural Centre-Usa Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Teatro Vista Theatre with a View Inc ($823k), Project Liberty Ship Inc ($823k) and Berkshire Opera Festival ($823k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $164k against liabilities of $8,000, net assets of $156k.