Feath3r Theory Inc

Analysis

Feath3r Theory Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2014, 12 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 2023, Feath3r Theory Inc reported income of $105k and spending of $290k, spending 275% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $138k to $105k (-24%), an average of -8.6% a year. The sharpest change came in the year to June 2021, when income rose by 239%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Feath3r Theory Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Community Artist Will Inc ($105k), Sevenars Concerts Inc ($106k) and Azerbaijan Cultural Society ($105k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $412k against liabilities of $0, net assets of $412k.