RX Art Inc

Analysis

RX Art Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, RX Art Inc reported income of $1.1m and spending of $885k, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.1m (+8.3%), an average of +2.7% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, RX Art Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Albuquerque Christian Childrens Home Inc ($1.1m), Latino Family Institute Inc ($1.1m) and Equal Partners Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $215k (24% of expenses). Other salaries and wages came to $127k. At year end it held assets of $4.0m against liabilities of $17k, net assets of $4.0m. It reported 3 employees.