Artists Space Inc

Analysis

Artists Space Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 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 Space Inc reported income of $2.4m and spending of $2.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $2.4m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2020, when income dropped by 23%. Over the whole period it spent 71% 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 Space Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Jefferson Center Foundation Ltd ($2.4m), Icicle Fund ($2.4m) and MPB Foundation ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $187k (8.0% of expenses). Other salaries and wages came to $437k. At year end it held assets of $10.2m against liabilities of $5.6m, net assets of $4.6m. It reported 15 employees.