Nycxd Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
UNITE, ADVANCE, AND STRENGTHEN NYC'S DIVERSE AND GLOBAL DESIGN COMMUNITY FOR THE SAKE OF MARKETING AND FAST DESCRIPTION.
- Income
- $392,926
- Spending
- $319,091
- Spent on programs
- 76%
- Reserves
- 0.5 months of spending
- Largest source of income
- donations and private grants, 72%
- Employees
- 1
- Volunteers
- 0
- Highest pay
- $110,600, executive director
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 36 out of 100.
Reserves
4 of 35Spendable reserves would cover 0.5 months of spending.
Debt
2 of 20It owes 78% of what it owns.
Living within its means
15 of 15Income exceeded spending by 19% of income.
Income trend
0 of 15Income fell 40% on the year before.
Spending floor
15 of 1576% of spending went to programs and raising each dollar of donations cost 9 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 97 out of 100.
Independent board
25 of 256 of 6 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
12 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $243,591 spent. DESIGN IS CORE TO NEW YORK CITY'S IDENTITY AND CREATIVE DNA. AT NYCXDESIGN, OUR MISSION IS TO SUPPORT, EMPOWER, AND GROW THE CITY'S INCREDIBLE DESIGN SECTOR. OUR INTERNATIONALLY RENOWNED ANNUAL DESIGN FESTIVAL, ESTABLISHED IN 2013, SHOWCASES THE IMMENSE TALENT AND DIVERSITY OF THE CITY'S DESIGNERS, MAKERS, AND MANUFACTURERS, ALONG WITH CUTTING-EDGE DESIGN BUSINESSES AND DISTRICTS, AND WORLD-CLASS CULTURAL AND ACADEMIC DESIGN INSTITUTIONS. THE FESTIVAL ATTRACTS 300,000+ NATIONAL AND INTERNATIONAL VISITORS TO THE CITY, GENERATING SIGNIFICANT ECONOMIC ACTIVITY ACROSS THE BOROUGHS WITH HUNDREDS OF EVENTS ABOUT DESIGN AND INNOVATION, CREATIVITY, CULTURE, INCLUSIVITY, SUSTAINABILITY, AND RESILIENCY. AS A NON-PROFIT ORGANIZATION, NYCXDESIGN ALSO RUNS AN IMPACTFUL YEAR-ROUND PROGRAM INCREASING DIVERSITY, EQUITABLE OPPORTUNITY, AND INCLUSION WITHIN THE CITY'S DESIGN PROFESSIONS. WE EDUCATE THE CITY'S YOUNG ADULTS ABOUT DESIGN AND INSPIRE THEM TO BECOME THE CITY'S DESIGNERS OF TOMORROW. WITH NEW EXECUTIVE LEADERSHIP, AND RECENTLY GRANTED 501(C)(3) TAX EXEMPT STATUS, NYCXDESIGN IS CATALYZING AN EXCITING AND THRIVING DESIGN SECTOR FOR ALL OF NEW YORK CITY.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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 September 7, 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 September 30, 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 September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2021.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 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 October 7, 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.