Culture for One Inc

Analysis

Culture for One Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 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 June 2022, Culture for One Inc reported income of $497k and spending of $399k, spending 80% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $477k to $497k (+4.2%), an average of +1.4% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Culture for One 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 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Dance Palace ($497k), Primavera Fund ($497k) and Society for the Performing Arts Foundation ($497k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $135k. It paid $10k in professional fundraising fees. At year end it held assets of $354k against liabilities of $15k, net assets of $339k. It reported 4 employees.