Deep Arts Inc

Analysis

Deep Arts Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in May 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Deep Arts Inc reported income of $106k and spending of $90k, spending 85% of its income. Across the 4 years on record, from June 2019 to June 2024, income grew from $100k to $106k (+5.3%), an average of +1.7% a year. The sharpest change came in the year to June 2020, when income rose by 44%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Deep Arts Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Altoona Renaissance Team Inc ($106k), Miami Fourth Estate Inc ($106k) and Village Players ($106k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $233k against liabilities of $0, net assets of $233k.