New Era Culture & Education Center Inc

Analysis

New Era Culture & Education Center Inc is a registered charity in United States, based in Miramar, FL. It received its IRS tax-exemption ruling in May 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 June 2024, New Era Culture & Education Center Inc reported income of $2.3m and spending of $2.3m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $241k to $2.3m (+856%), an average of +76% a year. The sharpest change came in the year to June 2022, when income rose by 11495%. 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, New Era Culture & Education Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Association for the Advancement of Sustainability in Higher Education ($2.3m), Mississippi Symphony Orchestra Association ($2.3m) and Center for Law and Policy ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. At year end it held assets of $806k against liabilities of $1.2m, net assets of -$346k.

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.