Artfarm

Analysis

Artfarm is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in May 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, Artfarm reported income of $62k and spending of $52k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $62k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artfarm sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within CT. Charities of a similar size with the same main cause include Country Music Hayride Inc ($62k), Ely Renaissance Society Inc ($62k) and Edens Green Apple Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.