Art From Ashes Incorporated

Analysis

Art From Ashes Incorporated is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Art From Ashes Incorporated reported income of $379k and spending of $348k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $295k to $379k (+28%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Art From Ashes Incorporated sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Community Response ($379k), Rockford Hockey Association ($379k) and The North Dakota High School Rodeo Asssociation Inc ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $66k (19% of expenses). Other salaries and wages came to $166k. It paid $1,946 in professional fundraising fees. At year end it held assets of $283k against liabilities of $5,871, net assets of $277k. It reported 8 employees.