Interlude Artist Residency Inc

Analysis

Interlude Artist Residency Inc is a registered charity in United States, based in Hudson, NY. It received its IRS tax-exemption ruling in October 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, Interlude Artist Residency Inc reported income of $50k and spending of $76k, spending 152% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $50k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Interlude Artist Residency Inc sits at the 22nd 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 Onondaga County Music Educators Association Inc ($50k), North Coast Feis ($50k) and Walworth County Fair Foundation ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.