Voices in Contemporary Art

Analysis

Voices in Contemporary Art is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2010, 16 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, Voices in Contemporary Art reported income of $672k and spending of $595k, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $604k to $672k (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2021, when income dropped by 48%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Voices in Contemporary Art sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Creative Arts Workshop Inc ($672k), Jack Music Inc ($672k) and Kitchen Theatre Company Inc ($672k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $160k (27% of expenses). Other salaries and wages came to $79k. It paid $35k in professional fundraising fees. At year end it held assets of $628k against liabilities of $83k, net assets of $545k. It reported 3 employees.