Cultural Island Travel Inc

Analysis

Cultural Island Travel Inc is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cultural Island Travel Inc reported income of $897k and spending of $774k, spending 86% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $1.0m to $897k (-14%), an average of -4.8% a year. The sharpest change came in the year to December 2022, when income rose by 235%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural Island Travel Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Ethio 360 Media Inc ($896k), Cool Spring Downtown District Inc ($897k) and Southern Exposure ($896k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $39k (5.1% of expenses). At year end it held assets of $437k against liabilities of $358, net assets of $436k. It reported 1 employees.