Altos de Chavon Cultural Center Foundation

Analysis

Altos de Chavon Cultural Center Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1983, 43 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Altos de Chavon Cultural Center Foundation reported income of $2.1m and spending of $2.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.1m to $2.1m (-31%), an average of -9.0% a year. The sharpest change came in the year to June 2021, when income dropped by 48%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Altos de Chavon Cultural Center Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Justice Reform ($2.1m), The Nathan B Stubblefield Foundation Inc ($2.1m) and Micronesian Islander Community ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $80k (4.0% of expenses). Other salaries and wages came to $458k. At year end it held assets of $390k against liabilities of $2.6m, net assets of -$2.2m. It reported 2 employees.