Nuyorican Poets Cafe Inc

Analysis

Nuyorican Poets Cafe Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1975, 51 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 June 2023, Nuyorican Poets Cafe Inc reported income of $720k and spending of $702k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.8m to $720k (-85%), an average of -38% a year. The sharpest change came in the year to June 2023, when income dropped by 85%. Over the whole period it spent 20% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nuyorican Poets Cafe Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Friends of the Hunley Inc ($720k), Mendocino Music Festival ($720k) and Uss Silversides Submarines Museum ($720k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $100k (14% of expenses). Other salaries and wages came to $168k. At year end it held assets of $25.4m against liabilities of $177k, net assets of $25.2m. It reported 6 employees.