Nusantara Arts Inc

Analysis

Nusantara Arts Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in May 2019, 7 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, Nusantara Arts Inc reported income of $163k and spending of $176k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $139k to $163k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nusantara Arts Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Young Professionals Choral Collective ($163k), Burlington County Footlighters Incorporated ($163k) and Encore Theatrical Arts Project Inc a New Corp ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. At year end it held assets of $146k against liabilities of $29k, net assets of $116k.