Center for Research on Modernity in Transition

Analysis

Center for Research on Modernity in Transition is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in June 2020, 6 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, Center for Research on Modernity in Transition reported income of $822k and spending of $113k, leaving 86% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $822k (+800%), an average of +800% a year. The sharpest change came in the year to December 2023, when income rose by 800%. Over the whole period it spent 16% 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 Research on Modernity in Transition sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Visual AIDS for the Arts Inc ($821k), Jeff Pino Foundation ($822k) and Public Health Watch Inc ($821k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $40k. At year end it held assets of $909k against liabilities of $4,068, net assets of $905k.