Real Art Ways Inc

Analysis

Real Art Ways Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in May 1977, 49 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 September 2023, Real Art Ways Inc reported income of $2.6m and spending of $1.7m, leaving 37% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $2.6m (+95%), an average of +18% a year. The sharpest change came in the year to September 2021, when income rose by 66%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Real Art Ways Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Skylands Performing Arts Center Inc ($2.6m), Audrain Automobile Museum Inc ($2.6m) and Hcpa Services Company ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $153k (9.2% of expenses). Other salaries and wages came to $708k. At year end it held assets of $5.5m against liabilities of $276k, net assets of $5.3m. It reported 34 employees.