Passes our checks

Five Myles Inc

EIN 13-4078810 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

What it says it does

Promote interest in innovative artwork.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 55 out of 100. Higher than 24% of charities in its peer group (arts and culture, under $250k).

Reserves
20 of 35
Spendable reserves would cover 3.4 months of spending.
Debt
20 of 20
It owes 5% of what it owns.
Living within its means
0 of 15
Spending exceeded income by 48% of income.
Income trend
0 of 15
Income fell 33% on the year before.
Spending floor
15 of 15
93% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Strong: 100 out of 100. Higher than 92% of charities in its peer group (arts and culture, under $250k).

Independent board
25 of 25
7 of 7 voting board members are independent.
Conflict of interest policy
15 of 15
Has a written conflict of interest policy.
Whistleblower policy
8 of 8
Has a written whistleblower policy.
Record keeping policy
7 of 7
Has a written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
Pay set independently
5 of 5
Sets its chief executive's pay through independent review and comparison.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$155,017 spent. In FY24 FiveMyles organized 21 solo and group exhibitions of contemporary art in the 1,500 sq. ft. Main Gallery space and in the adjacent 120 sq. ft. Plus/Space. We presented the work of 72 visual artists. For 5 different exhibitions, we organized conversations with speakers from different fields in the Humanities alongside the exhibitions curators, offering the public a different lens to connect with the work on display. We also ran our SpaceProgram, which offers our space, free of charge, for live performances in a wide array of disciplines. The 24 SpaceProgram events in FY24 took place inside the gallery and on our wide sidewalk. Thanks to this flexible setup we were able to present live music, dance, spoken word, acted, interactive performances, readings and pop-up exhibitions, film screenings and artist talks by 83 artists. In total, a physical audience of approximately 4400 people attended FiveMyles programs. All events and exhibitions are free of charge.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2000.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.