Center for Art Research and Alliances Inc

Analysis

Center for Art Research and Alliances Inc is a registered charity in United States, based in New York, 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 (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, Center for Art Research and Alliances Inc reported income of $2.8m and spending of $2.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $2.8m (+4161%), an average of +156% a year. The sharpest change came in the year to December 2020, when income rose by 708%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for Art Research and Alliances Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Project Recover Inc ($2.8m), Stuttering Association for the Young Inc ($2.8m) and Campbell Collaboration ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $425k (17% of expenses). Other salaries and wages came to $515k. At year end it held assets of $6.4m against liabilities of $111k, net assets of $6.3m. It reported 18 employees.