Traditions Unlimited Ltd

Analysis

Traditions Unlimited Ltd is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2018, 8 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, Traditions Unlimited Ltd reported income of $86k and spending of $60k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $27k to $86k (+215%), an average of +215% a year. The sharpest change came in the year to December 2023, when income rose by 215%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Traditions Unlimited Ltd sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include United Social Services of the Society for Ethical Culture Inc ($86k), Brices Crossroads National Battlefield Commission Inc ($86k) and Dancing Thru Life ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $36k against liabilities of $4,144, net assets of $32k.