Artopolis Development

Analysis

Artopolis Development is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2016, 10 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, Artopolis Development reported income of $1.7m and spending of $1.1m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $930k to $1.7m (+82%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 87%. 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, Artopolis Development sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include The Center for Photography at Woodstock Inc ($1.7m), Urban Gateways ($1.7m) and Serenbe Art Farm for Arts and Education Corporation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 53% of the total. Other salaries and wages came to $238k. At year end it held assets of $1.7m against liabilities of $682k, net assets of $1.0m. It reported 2 employees.