Fivebyfive Inc

Analysis

Fivebyfive Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in May 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 June 2024, Fivebyfive Inc reported income of $97k and spending of $82k, spending 85% of its income. Across the 3 years on record, from March 2023 to June 2024, income grew from $68k to $97k (+43%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 2291%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fivebyfive Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Indigenous Peoples Day Philly Inc ($97k), Broadway for All ($97k) and Opera Fort Collins Inc ($97k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.