Saratoga Arts Inc

Analysis

Saratoga Arts Inc is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in August 1993, 33 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, Saratoga Arts Inc reported income of $694k and spending of $742k, spending 107% of what it took in. Across the 5 years on record, from March 2019 to December 2023, income grew from $661k to $694k (+5.0%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Saratoga Arts Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Charlotte County Art Guild Inc ($694k), Great Lakes Chamber Music Festival Operating Corporation ($694k) and Citadelle Art Foundation ($694k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 18% of the total. Other salaries and wages came to $299k. At year end it held assets of $775k against liabilities of $123k, net assets of $652k. It reported 20 employees.