Sleep Center Art Space

Analysis

Sleep Center Art Space is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2017, 9 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, Sleep Center Art Space reported income of $51k and spending of $37k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $51k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sleep Center Art Space sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Music Sponsors of Emerson Jr Sr High School ($51k), Historical Society of Plainfield New Jersey ($51k) and Kensington Area Heritage Society Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.