Art Production Fund Inc

Analysis

Art Production Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2000, 26 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, Art Production Fund Inc reported income of $569k and spending of $1.0m, spending 177% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $922k to $569k (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income rose by 60%. Over the whole period it spent 101% 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 Production Fund Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Black Rock Theater Corporation ($569k), Excellence in the Community Inc ($569k) and Great Lakes Chamber Orchestra Incorporated ($569k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 118% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $195k (19% of expenses). Other salaries and wages came to $177k. At year end it held assets of $904k against liabilities of $30k, net assets of $874k. It reported 3 employees.