Ny Creates

Analysis

Ny Creates is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ny Creates reported income of $17.5m and spending of $11.4m, leaving 35% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $4.5m to $17.5m (+293%), an average of +98% a year. The sharpest change came in the year to June 2023, when income rose by 165%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ny Creates sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Council on American-Islamic Relations California ($17.4m), Kauffman Center for the Performing Arts ($17.5m) and The Atlanta Opera Inc ($17.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $7.5m against liabilities of $43k, net assets of $7.5m.