Liu Shiming Art Foundation

Analysis

Liu Shiming Art Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2023, 3 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, Liu Shiming Art Foundation reported income of $1.5m and spending of $921k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.5m to $1.5m (+5.2%), an average of +5.2% a year. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Liu Shiming Art Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include LCC International Fund Inc ($1.5m), Odeum Corporation ($1.5m) and National Storytelling Association ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 47% of the total. At year end it held assets of $321k against liabilities of $818, net assets of $320k.