Ardea Arts Inc

Analysis

Ardea Arts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2024, 2 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 June 2024, Ardea Arts Inc reported income of $90k and spending of $98k, spending 109% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $268k to $90k (-67%), an average of -20% a year. The sharpest change came in the year to June 2023, when income dropped by 42%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ardea Arts Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Bonita Springs Concert Band Inc ($90k), Mid-Ohio Valley Symphony Society Inc ($90k) and Desert Tortoise Council Inc ($90k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $131 against liabilities of $61k, net assets of -$61k.