Topical Cream Inc

Analysis

Topical Cream Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Topical Cream Inc reported income of $118k and spending of $98k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $118k (+81%), an average of +81% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Topical Cream Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Mid-Atlantic Regional School of Professional Photography Inc ($118k), United High School Band Boosters ($118k) and Streetlight Guild ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 110% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.