Arts on Site NYC Inc

Analysis

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

In the financial year ending December 2023, Arts on Site NYC Inc reported income of $246k and spending of $277k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $216k to $246k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 153%. Over the whole period it spent 105% 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 on Site NYC Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include California Grape Rootstock Research Foundation ($246k), Pan American Symphony Orchestra ($246k) and First Light Foundation ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $4,800 (1.7% of expenses). Other salaries and wages came to $7,800. At year end it held assets of $63k against liabilities of $84k, net assets of -$21k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.