Yonkers Arts Inc

Analysis

Yonkers Arts Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in March 2017, 9 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, Yonkers Arts Inc reported income of $232k and spending of $313k, spending 135% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $381k to $232k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Yonkers Arts Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Orpheus Male Chorus of Phoenix ($232k), Grand Illusion Cinema ($232k) and Soul to Sole Choreography ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $5,859 (1.9% of expenses). Other salaries and wages came to $65k. At year end it held assets of $6,957 against liabilities of $57k, net assets of -$50k. It reported 3 employees.