Arts Services Initiative of Western New York

Analysis

Arts Services Initiative of Western New York is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 2013, 13 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, Arts Services Initiative of Western New York reported income of $1.5m and spending of $1.3m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $522k to $1.5m (+187%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 116%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Services Initiative of Western New York sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Film Prize Foundation Inc ($1.5m), SFF Presents ($1.5m) and Record Company Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. At year end it held assets of $779k against liabilities of $369k, net assets of $409k. It reported 15 employees.