Artists Collective Incorporated

Analysis

Artists Collective Incorporated is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in April 1973, 53 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Artists Collective Incorporated reported income of $581k and spending of $886k, spending 153% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $608k to $581k (-4.5%), an average of -1.2% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 135% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artists Collective Incorporated sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CT. Charities of a similar size with the same main cause include Watkins Glen Motor Racing Research Council Inc ($581k), Pence Gallery Association ($581k) and Middlebury Community Music Center ($580k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $38k (4.3% of expenses). Other salaries and wages came to $265k. At year end it held assets of $3.7m against liabilities of $389k, net assets of $3.3m. It reported 35 employees.