Art 21 Inc

Analysis

Art 21 Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1997, 29 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, Art 21 Inc reported income of $4.3m and spending of $3.0m, leaving 31% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.3m to $4.3m (+31%), an average of +6.9% a year. The sharpest change came in the year to September 2022, when income rose by 52%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art 21 Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Center for Puppetry Arts Inc ($4.3m), Medical Letter Inc ($4.3m) and Mansfield Reformatory Preservation Society Inc ($4.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $205k (6.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $8.8m against liabilities of $597k, net assets of $8.2m.