DZ Arts Development

Analysis

DZ Arts Development is a registered charity in United States, based in Sunnyside, NY. It received its IRS tax-exemption ruling in January 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, DZ Arts Development reported income of $1.0m and spending of $1.0m, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $527k to $1.0m (+92%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, DZ Arts Development sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Mesa Verde Museum Association ($1.0m), Aviation Heritage Foundation Inc ($1.0m) and Video Consortium Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $151k (15% of expenses). Other salaries and wages came to $619k. At year end it held assets of $313k against liabilities of $275k, net assets of $38k. It reported 129 employees.