Inner Arts Initiative Inc

Analysis

Inner Arts Initiative Inc is a registered charity in United States, based in Nyack, NY. It received its IRS tax-exemption ruling in June 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, Inner Arts Initiative Inc reported income of $114k and spending of $114k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $149k to $114k (-23%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. 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, Inner Arts Initiative Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include North American Folk Music and Dance Alliance Inc ($114k), Italian American Society of Jefferson ($114k) and Suzuki Academy of Waco ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. At year end it held assets of $107k against liabilities of $4,834, net assets of $102k.