Piatigorsky Foundation

Analysis

Piatigorsky Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1991, 35 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 June 2023, Piatigorsky Foundation reported income of $332k and spending of $317k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $302k to $332k (+10%), an average of +2.4% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Piatigorsky Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Make Studio Art Program Inc ($332k), Urban Theater Chicago NFP ($332k) and Ausable Artisan Village ($332k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $20k (6.2% of expenses). Other salaries and wages came to $148k. At year end it held assets of $295k against liabilities of $0, net assets of $295k. It reported 2 employees.