Kindred Arts Inc

Analysis

Kindred Arts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2015, 11 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 March 2023, Kindred Arts Inc reported income of $305k and spending of $328k, spending 107% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $215k to $305k (+42%), an average of +12% a year. The sharpest change came in the year to March 2022, when income rose by 233%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kindred Arts Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Clover High School Choral Booster Club ($305k), Jackson County Historical Society ($305k) and Abington Community Access and Media Inc ($305k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $12k (3.6% of expenses). At year end it held assets of $53k against liabilities of $207k, net assets of -$154k.