Center for Art Law Inc

Analysis

Center for Art Law Inc is a registered charity in United States, based in Brooklyn, 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Center for Art Law Inc reported income of $148k and spending of $120k, spending 81% of its income. Across the 2 years on record, from May 2022 to May 2023, income grew from $93k to $148k (+59%), an average of +59% a year. The sharpest change came in the year to May 2023, when income rose by 59%. 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, Center for Art Law Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include East Brunswick Community Players ($148k), New England Suzuki Institute ($148k) and Indybaroque Music Inc ($148k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 76% and program service revenue 18% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.