Gathernyc Inc

Analysis

Gathernyc Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 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, Gathernyc Inc reported income of $80k and spending of $73k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $80k (+14%), an average of +14% a year. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gathernyc Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Griffin Choral Arts Inc ($80k), New Yorks Landmarks Preservation Foundation Inc ($80k) and New Asia Chamber Music Society Inc ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.