Art Sanctuary Inc

Analysis

Art Sanctuary Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in August 2007, 19 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 December 2023, Art Sanctuary Inc reported income of $444k and spending of $454k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $360k to $444k (+23%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 88% 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 Sanctuary Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within KY. Charities of a similar size with the same main cause include Community Playhouse ($444k), Heritage Museum of Orange County ($444k) and Inheiritance Project Ltd ($443k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $108k (24% of expenses). Other salaries and wages came to $22k. At year end it held assets of $223k against liabilities of $3,950, net assets of $219k. It reported 2 employees.