Arts Resources in Collaboration Inc

Analysis

Arts Resources in Collaboration Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1981, 45 years ago. 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, Arts Resources in Collaboration Inc reported income of $119k and spending of $84k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $119k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arts Resources in Collaboration Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Nyingma Centers ($119k), PTA California Congress of Parents Teachers & Students Inc ($119k) and American Bryological & Lichenological Society Inc ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $72k against liabilities of $1,358, net assets of $71k.