National Arts Strategies Inc

Analysis

National Arts Strategies Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in August 1983, 43 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, National Arts Strategies Inc reported income of $1.3m and spending of $2.7m, spending 202% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $1.3m (-60%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Arts Strategies Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Journalism Education Association Inc ($1.3m), Museum Hue Inc ($1.3m) and Jewish Alliance for Law and Social Action Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $225k (8.5% of expenses). Other salaries and wages came to $601k. At year end it held assets of $8.2m against liabilities of $249k, net assets of $8.0m. It reported 11 employees.