Disable all preview features

Arts, Culture, Humanities : Performing Arts (Grantmaking/Grants Payable)

Foundation for Contemporary Arts

Artists for artists

three stars

88.71

820 Greenwich Street New York, NY 10014
tel: (212) 807-7077   Web Site
EIN: 13-1978163

Board Leadership
Cecily Brown & Julian Lethbridge
Co-Chairs

CEO
Stacy Tenenbaum Stark
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 88.71 three stars
  Financial 88.44 three stars
  Accountability & Transparency 89.00 three stars
This rating was published 07/01/2021 and includes data from FY2019, the most recent 990 received at that time.

Since its inception in 1963, the mission of the Foundation for Contemporary Arts has been to encourage, sponsor, and promote innovative work in the arts created and presented by individuals, groups, and organizations. Its legacy continues today with unrestricted, by-nomination grants supporting pioneering work across the fields of dance, music/sound, performance art/theater, poetry, and the visual arts. A fund is also maintained to assist artists with emergencies and unexpected opportunities related to their work. To date, over 900 artists have made these grants possible by contributing paintings, sculptures, drawings, prints, and photographs to fourteen fund-raising exhibitions held over the years.

Since its inception in 1963, the mission of the Foundation for Contemporary Arts has been to encourage, sponsor, and promote innovative work in the arts created and presented by individuals, groups, and organizations. Its legacy continues today with unrestricted, by-nomination grants supporting pioneering work across the fields of dance, music/sound, performance art/theater, poetry, and the visual arts. A fund is also maintained to assist artists with emergencies and unexpected opportunities related to their work. To date, over 900 artists have made these grants possible by contributing paintings, sculptures, drawings, prints, and photographs to fourteen fund-raising exhibitions held over the years.

Financial

three stars

88.44

Accountability & Transparency

three stars

89.00

This rating was published 07/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
70.8%
  Administrative Expenses 20.4%
  Fundraising Expenses 8.7%
  Fundraising Efficiency $0.06
  Working Capital Ratio (years) 15.06
  Program Expenses Growth 8.1%
  Liabilities to Assets 2.3%
All data for Financial Performance Metrics calculations was provided by Foundation for Contemporary Arts on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Foundation for Contemporary Arts on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Foundation for Contemporary Arts (NY) 88.71 three stars
Alliance for California Traditional Arts (CA) 89.73 three stars
Headlands Center for the Arts (CA) 94.81 four stars
League of American Orchestras (NY) 91.27 four stars
Lower Manhattan Cultural Council (NY) 91.39 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,701,401
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $95,000
Total Contributions $1,796,401
   Program Service Revenue $0
Total Primary Revenue $1,796,401
   Other Revenue $1,830,466
TOTAL REVENUE $3,626,867
   
EXPENSES  
   Program Expenses $1,509,040
   Administrative Expenses $451,871
   Fundraising Expenses $152,108
TOTAL FUNCTIONAL EXPENSES $2,113,019
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,513,848
   
Net Assets $34,876,826

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Grants To Artists $918,375 60.9%
Emergency Grants $401,993 26.6%
Ellsworth Kelly Award $53,185 3.5%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 07/01/2021 88.71 three stars
2018-12 05/01/2020 88.93 three stars
2017-12 04/01/2019 88.67 three stars
2016-12 12/01/2018 89.66 three stars
2015-12 05/01/2017 88.88 three stars
2014-12 12/21/2016 89.00 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-1978163
Name in IRS Master File FOUNDATION FOR CONTEMPORARY ARTS INC
NTEE Code A60
NTEE Classification Performing Arts Organizations
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date December, 1999
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$204,577 9.68% Stacy Tenenbaum Stark Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Foundation for Contemporary Arts (NY) 88.71 three stars
Russian Arts Foundation (VT) 95.05 four stars
Young Concert Artists (NY) 85.01 three stars
The NOCCA Institute (LA) 90.47 four stars
Academy of American Poets (NY) 94.22 four stars

Compare These Charities (Highly Rated)

Are you the representative for this organization? If so, click here to access the application form. As an official representative you will have the ability to update some of the information on this page.

Charity Contact Info

Foundation for Contemporary Arts
820 Greenwich Street
New York, NY 10014
tel: (212) 807-7077
fax: (212) 807-7177
EIN: 13-1978163

Visit Web Site

Board Leadership

Cecily Brown & Julian Lethbridge
Co-Chairs

CEO

Stacy Tenenbaum Stark
Executive Director

Join Our Mailing List

Join over 400,000 other informed givers and get updates on charity ratings, new features, hot topics, and tips for donating.