CITYARTS INC

EIN: 132766701 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$765,509
Total Expenses
$754,428
Total Assets
$1,019,856
Net Assets
$1,007,105
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
NY
Principal Officer
TSIPI BEN-HAIM
Phone
2129660377
Tax Period
2024-09-01 to 2025-08-31

CITYARTS INC, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $766K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum.

Mission

TO EMPOWER CHILDREN AND YOUTH BY BRINGING THEM TOGETHER WITH PROFESSIONAL ARTISTS TO CREATE PUBLIC ART THAT ADDRESSES CIVIC SOCIAL ISSUES, IMPACTS THEIR LIVES, AND TRANSFORMS THEIR COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $732,825
Program Service Revenue $0
Investment Income $32,684
Other Revenue $0
TOTAL REVENUE $765,509

Expense Breakdown

Grants Paid $2,206
Salaries & Benefits $415,341
Fundraising Expenses $8,025
Program Expenses $635,980
Other Expenses $336,881
TOTAL EXPENSES $754,428

Year-over-Year Comparison

2024 2023 Change
Revenue $765,509 $532,847 +0.4%
Expenses $754,428 $761,589 0.0%
Net Income $11,081 $-228,742 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
10
Volunteers
200

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TSIPI BEN-HAIM FOUNDER, DIRECTOR 40.00
Director
$0 $0 $0
VERA SUNG BOARD MEMBER 1.00
Officer Director
$0 $0 $0
SINDY APRIGLIANO BOARD MEMBER 5.00
Officer
$0 $0 $0
FRAN SCHULMAN CHAIR 3.00
Officer
$0 $0 $0
OREN COHEN TREASURER 3.00
Officer
$0 $0 $0
STEVEN SHACHAT SECRETARY 1.00
Officer
$0 $0 $0
ANNA CARBONELL BOARD MEMBER 1.00
Officer
$0 $0 $0
ALICKA AMPRY-SAMUEL CONSULTANT 1.00
Officer
$0 $0 $0
TAYLOR BANKS BOARD MEMBER 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $765,509 $754,428 $1,019,856 $11,081
2024 $532,847 $761,589 $1,025,590 $-228,742
2023 $582,451 $683,028 $1,248,085 $-100,577
2022 $671,345 $663,713 $1,336,400 $7,632
2021 $590,693 $429,728 $1,327,915 $160,965
2020 $558,450 $448,862 $1,215,671 $109,588
2019 $608,886 $542,810 $1,140,421 $66,076
2018 $454,640 $505,015 $1,056,588 $-50,375
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