Denyce Graves Foundation Inc

Analysis

Denyce Graves Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2022, 4 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, Denyce Graves Foundation Inc reported income of $732k and spending of $698k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.4m to $732k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Denyce Graves Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Framingham Public Access Corporation ($732k), Potato Museum Inc ($732k) and American Turkish Friendship Association ($732k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Other salaries and wages came to $34k. At year end it held assets of $910k against liabilities of $82k, net assets of $828k. It reported 4 employees.