Mencius Society for the Arts Inc

Analysis

Mencius Society for the Arts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2009, 17 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 January 2024, Mencius Society for the Arts Inc reported income of $247k and spending of $251k, spending 102% of its income. Across the 3 years on record, from January 2022 to January 2024, income grew from $237k to $247k (+4.3%), an average of +2.1% a year. The sharpest change came in the year to January 2024, when income rose by 40%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mencius Society for the Arts Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Thornwillow Institute Ltd ($247k), Pend Oreille Arts Council Inc ($247k) and African American Heritage Foundation Inc ($247k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $102k. At year end it held assets of $196k against liabilities of $30k, net assets of $166k. It reported 6 employees.