Layerhythm Productions Inc

Analysis

Layerhythm Productions Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2021, 5 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Layerhythm Productions Inc reported income of $217k and spending of $162k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $217k (+132%), an average of +132% a year. The sharpest change came in the year to December 2023, when income rose by 132%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Layerhythm Productions Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Board of Directors of the Morton County Public Library ($217k), Kinding Sindaw Heritage Foundation Inc ($217k) and Knickerbocker Cotillion Inc ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $10k (6.2% of expenses). At year end it held assets of $85k against liabilities of $10k, net assets of $75k. It reported 1 employees.