Arts, Culture & Humanities
(A120)
IRS Verified
DX Registered
990 on File
NEW YORK FOUNDATION FOR THE ARTS INC
CharityAI™ Score
Not yet evaluated
Mission Statement
Established in 1971 as an independent organization to serve individual artists throughout the state, the mission of New York Foundation for the Arts (NYFA) is to empower emerging artists and arts organizations across all disciplines at critical stages in their creative lives and professional/organizational development. In 2009, we extended our programs and services throughout the United States and the international community.
Financial Overview — FY 2023
$15.1M
Total Revenue
$15.6M
Total Expenses
$7.8M
Net Assets
31
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
91.8%
Fundraising Efficiency
399.8%
Operating Reserve
6.00x
Liability-to-Asset
46.9%
Revenue Diversification
86.9%
Executive Compensation
$645K
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $15.1M | $15.6M | $7.8M | 91.8% | 31 |
| 2022 | $30.6M | $28.2M | $8.1M | 94.8% | 36 |
| 2021 | $11.0M | $9.7M | N/A | — | 28 |
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