Art in the Loop Foundation

Analysis

Art in the Loop Foundation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in May 2005, 21 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 in the Loop Foundation reported income of $72k and spending of $75k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $121k to $72k (-40%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 104% 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 in the Loop Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within MO. Charities of a similar size with the same main cause include Civic Life Project Inc ($72k), The Gay Mens Chorus of Tampa Bay Inc ($72k) and Musical Creators Institute Inc ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $123k against liabilities of $0, net assets of $123k.