Arts 10566 Inc

Analysis

Arts 10566 Inc is a registered charity in United States, based in Peekskill, NY. It received its IRS tax-exemption ruling in May 2016, 10 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 June 2024, Arts 10566 Inc reported income of $111k and spending of $88k, leaving 21% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $120k to $111k (-7.6%), an average of -7.6% a year. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts 10566 Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Music on Norway Pond ($111k), Missouri Alliance for Arts Education ($111k) and Midwest Writing Center ($111k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $66k against liabilities of $5,387, net assets of $60k.