NYC Culture Club Inc

Analysis

NYC Culture Club Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 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, NYC Culture Club Inc reported income of $167k and spending of $175k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $20k to $167k (+720%), an average of +720% a year. The sharpest change came in the year to December 2023, when income rose by 720%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, NYC Culture Club Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Monterey Peninsula Musical Theater Inc ($167k), Bluegrass Country Foundation ($167k) and Flower of Hope Outreach ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. It paid $36k in professional fundraising fees. At year end it held assets of $8,283 against liabilities of $1,988, net assets of $6,295.