New City Arts Initiative is a 501(c)(3) organization based in Charlottesvle, Virginia, registered in 2010, with $364,446 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$364K
▲ 1.0% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$337K
Net assets
$250K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for New City Arts Initiative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For New City Arts Initiative: 9 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for New City Arts Initiative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For New City Arts Initiative: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $91K (FY2014) to $364K (FY2024) across 11 reported years.
Financial snapshot
Operating margin
7.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$253K
Total liabilities
$3,408
Net assets
$250K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $364,446▲1.0% | $336,631▲1.0% | $249,668▲12.5% | $253,076▲10.1% | 990 |
| 2023 | $360,775▲13.4% | $333,314▲19.3% | $221,853▲14.1% | $229,838▲15.2% | 990 |
| 2022 | $318,117▲7.8% | $279,277▲7.8% | $194,392▲25.0% | $199,592▲22.9% | 990 |
| 2021 | $294,981▲70.1% | $258,970▲29.0% | $155,552▲30.1% | $162,356▲32.1% | 990 |
| 2020 | $173,445▼27.0% | $200,828▼8.9% | $119,541▼18.6% | $122,945▼27.2% | 990 |
| 2019 | $237,732▲9.3% | $220,411▲15.2% | $146,924▲13.4% | $168,896▲27.6% | 990 |
| 2018 | $217,513▲6.8% | $191,355▼5.7% | $129,600▲25.3% | $132,356▲23.3% | 990 |
| 2017 | $203,602▲7.7% | $202,948▲9.5% | $103,442▲0.6% | $107,370▲2.4% | 990 |
| 2016 | $189,005▼15.0% | $185,292▲14.2% | $102,788▲3.7% | $104,893▲4.1% | 990 |
| 2015 | $222,329▲146% | $162,305▲117% | $99,075▲154% | $100,748▲141% | 990 |
| 2014 | $90,550 | $74,722 | $39,051 | $41,792 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
21 grants to New City Arts Initiative totaling $252K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Charlottesville Area Community Foundation | Response to submitted proposal and support of the spring 2022 climate artist residency | 2022 | $12,500 |
| Charlottesville Area Community Foundation | Capacity building | 2021 | $50,000 |
| Amalgamated Charitable Foundation Inc | General operating support | 2021 | $15,000 |
| Charlottesville Area Community Foundation | 2021 enriching communities grant | 2021 | $14,000 |
| Charlottesville Area Community Foundation | Bamaworks 2021 grant | 2021 | $5,275 |
| Amalgamated Charitable Foundation Inc | General operating support | 2020 | $25,000 |
| Charlottesville Area Community Foundation | Community recovery & catalyst grant | 2020 | $15,000 |
| Charlottesville Area Community Foundation | General purpose | 2019 | $10,000 |
| Charlottesville Area Community Foundation | For bama works 2019 | 2019 | $6,813 |
| Charlottesville Area Community Foundation | The welcome gallery april 2019 exhibit | 2019 | $5,000 |
| Charlottesville Area Community Foundation | A community art and history project to highlight experiences of the vinegar hill neighborhood residents | 2018 | $31,450 |
| Charlottesville Area Community Foundation | General operations | 2018 | $10,000 |
| Charlottesville Area Community Foundation | The welcome gallery | 2018 | $5,000 |
| Charlottesville Area Community Foundation | The welcome gallery | 2018 | $5,000 |
| National Christian Charitable Foundation | Culture | 2018 | $500 |
Explore more
Data for New City Arts Initiative (EIN 27-1865371) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.