Id Art Center Inc

Analysis

Id Art Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2016, 10 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, Id Art Center Inc reported income of $877k and spending of $845k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $453k to $877k (+94%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Id Art Center Inc sits at the 84th percentile: it is larger than about 84% 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 Iowa State Daily Publication ($877k), Birmingham Childrens Theatre Inc ($877k) and Suzuki-Orff School for Young Musicians ($877k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $60k (7.1% of expenses). Other salaries and wages came to $34k. At year end it held assets of $264k against liabilities of $97k, net assets of $167k. It reported 2 employees.