Spoke Art Inc

Analysis

Spoke Art Inc is a registered charity in United States, based in South Boston, MA. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spoke Art Inc reported income of $1.5m and spending of $1.1m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $648k to $1.5m (+126%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spoke Art Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Americans for Public Trust ($1.5m), Art Association of Jackson Hole ($1.5m) and Association for Clinical and Translational Science ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $131k (12% of expenses). Other salaries and wages came to $648k. At year end it held assets of $773k against liabilities of $208k, net assets of $566k. It reported 94 employees.