The New Deal Creative Arts Center Inc

Analysis

The New Deal Creative Arts Center Inc is a registered charity in United States, based in Hyde Park, NY. It received its IRS tax-exemption ruling in January 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, The New Deal Creative Arts Center Inc reported income of $67k and spending of $55k, spending 82% of its income. Across the 2 years on record, from December 2021 to December 2023, income fell from $104k to $67k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The New Deal Creative Arts Center Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Artists Group of Charlestown Inc ($67k), Lovemvmt Inc ($67k) and Sierra Nevada Bighorn Sheep Foundation ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $63k against liabilities of $15k, net assets of $48k.