Swamp in the City Inc

Analysis

Swamp in the City Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 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, Swamp in the City Inc reported income of $73k and spending of $48k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $73k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Swamp in the City Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Mifflin County Historical Society ($73k), Trails and Vistas Inc ($73k) and Friends of Jazz Inc ($73k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $21k. At year end it held assets of $53k against liabilities of $0, net assets of $53k.