24 Bond Arts Center Inc

Analysis

24 Bond Arts Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 24 Bond Arts Center Inc reported income of $109k and spending of $51k, leaving 53% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $94k to $109k (+16%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 699%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 24 Bond Arts Center 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 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Clinard Dance Theatre ($109k), Alliance for Local Economic Prosperity ($109k) and Konkau Association Corporation ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.