1014 Inc

Analysis

1014 Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 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, 1014 Inc reported income of $845k and spending of $826k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $597k to $845k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2022, when income rose by 23%. 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, 1014 Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Yellow Barn Inc ($844k), Johnstown Symphony Orchestra ($845k) and North Museum Corporation ($844k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $230k (28% of expenses). Other salaries and wages came to $162k. At year end it held assets of $70k against liabilities of $0, net assets of $70k. It reported 7 employees.