Himalayan Art Resources Inc

Analysis

Himalayan Art Resources Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 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 December 2023, Himalayan Art Resources Inc reported income of $53k and spending of $101k, spending 188% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.7m to $53k (-97%), an average of -97% a year. The sharpest change came in the year to December 2023, when income dropped by 97%. Over the whole period it spent 12% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Himalayan Art Resources Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Revolutionary Westchester 250 Inc ($53k), Mayville Limestone School Museum Inc ($53k) and Bay Area Chinese Musician Association ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.