Culturenow Inc

Analysis

Culturenow Inc is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in October 2002, 24 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, Culturenow Inc reported income of $56k and spending of $368k, spending 659% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $340k to $56k (-84%), an average of -60% a year. The sharpest change came in the year to December 2023, when income rose by 419%. Over the whole period it spent 234% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Culturenow Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Hudson Valley Old Time Power Association Inc ($56k), Eastern Woodland Carvers Club ($56k) and Turkish Cultural Center Albany ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. At year end it held assets of $53k against liabilities of $705k, net assets of -$652k.