Statement Arts Inc

Analysis

Statement Arts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2008, 18 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, Statement Arts Inc reported income of $358k and spending of $379k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $358k (+52%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Statement Arts Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Mather Homestead Foundation Inc ($358k), Peter London Global Dance Company Inc ($358k) and Kenya Diaspora Media ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% of the total. Compensation of current officers, directors and key employees was $54k (14% of expenses). Other salaries and wages came to $149k. At year end it held assets of $293k against liabilities of $13k, net assets of $280k. It reported 7 employees.