88 International Corp

Analysis

88 International Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 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, 88 International Corp reported income of $78k and spending of $107k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $188k to $78k (-59%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 59%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 88 International Corp sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Creative Theatre Group Inc ($78k), Mother Lode Mineral Society ($78k) and Talking Horse Productions ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,845 against liabilities of $0, net assets of $3,845.