American Society of Marine Artists

Analysis

American Society of Marine Artists is a registered charity in United States, based in Cumming, GA. It received its IRS tax-exemption ruling in July 1988, 38 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 December 2023, American Society of Marine Artists reported income of $119k and spending of $71k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $119k (+64%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Society of Marine Artists sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within GA. Charities of a similar size with the same main cause include Icannwiki ($118k), Northern California Jewish Sports Hall of Fame ($119k) and Long Island Arts Alliance Inc ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 32% of the total. At year end it held assets of $478k against liabilities of $23k, net assets of $456k.