Inwood Art Works

Analysis

Inwood Art Works is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 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, Inwood Art Works reported income of $354k and spending of $175k, leaving 51% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $143k to $354k (+147%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inwood Art Works sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Motion Pacific Dance Inc ($354k), KQ Media Group Inc ($354k) and Italian American Heritage Foundation Inc ($354k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $55k (32% of expenses). Other salaries and wages came to $2,176. At year end it held assets of $332k against liabilities of $0, net assets of $332k. It reported 2 employees.