MISSION
NICHOLAS SALVATO
DEMOGRAPHIC
ADDRESS
130 CHERRY ST
14850
COUNTY
tompkins county, NY
IN CARE OF NAME
NICHOLAS SALVATO
ORGANIZATIONAL OVERVIEW & RANKINGS
THE CHERRY ARTS INC is a based in ITHACA, NY, focused on Arts, Culture and Humanities causes , specifically Theater. Established in December 2014, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $43,517.00, this ranks 589,150 among 2,656,690 nonprofits nationally (Top 23%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 45,245 out of 159,053 organizations in NY (Top 29%).
In tompkins county, NY, the organization ranks 406 out of 1,335 nonprofits by assets (Top 29%), while locally in ithaca, it stands at 351 among 1,058 organizations (Top 32%).
The organization reported annual revenue of $246,567.00, ranking 261,387 nationally (Top 10%) and 19,779 in NY (Top 13%).
Within its specific NTEE classification (A65 - A: Arts, Culture and Humanities), which includes 6,834 similar organizations, THE CHERRY ARTS INC ranks 1,355 in assets (Top 20%) and 679 in revenue (Top 10%).
The organization files a 990 (all other) or 990EZ return and operates on a May fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
A: Arts, Culture and Humanities
NTEE CODE
A65: Theater
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
06/2023
ACCOUNTING PERIOD
06
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$246,567.00
FORM 990 REVENUE AMOUNT
$246,567.00
RULING DATE
12/2014
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$43,517.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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