Pitchblack Immersive Experiences

Analysis

Pitchblack Immersive Experiences 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pitchblack Immersive Experiences reported income of $201k and spending of $99k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $174k to $201k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pitchblack Immersive Experiences sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Kamuela Philharmonic Orchestrasociety ($201k), Capitol View Arts ($201k) and Ekklesia Contemporary Ballet Inc ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Other salaries and wages came to $17k. At year end it held assets of $96k against liabilities of $31k, net assets of $65k.