Artworks NYC Incorporated

Analysis

Artworks NYC Incorporated is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2012, 14 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, Artworks NYC Incorporated reported income of $95k and spending of $85k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $65k to $95k (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2024, when income rose by 35%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artworks NYC Incorporated sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Sedona Chamber Ballet Company ($95k), New Arab American Theater Works ($95k) and Friends of Mills Mansion ($95k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% of the total. At year end it held assets of $652k against liabilities of $0, net assets of $652k.