NYC Arts Cypher Inc

Analysis

NYC Arts Cypher Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in September 2007, 19 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 December 2023, NYC Arts Cypher Inc reported income of $122k and spending of $216k, spending 178% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $122k (+6.4%), an average of +6.4% a year. Over the whole period it spent 162% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, NYC Arts Cypher Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Bayou Pigeon Heritage Association ($122k), Festival Hall Inc ($122k) and Community Theatre of the Virginia Peninsula Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $110k against liabilities of $257k, net assets of -$147k.