Artworks Trenton Inc

Analysis

Artworks Trenton Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in September 1966, 60 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, Artworks Trenton Inc reported income of $211k and spending of $402k, spending 191% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $373k to $211k (-43%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artworks Trenton Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Friends of the Battleship North Carolina Inc ($211k), Laura Riding Jackson Foundation Inc ($211k) and Stockton Folk Dance Camp ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $73k (18% of expenses). Other salaries and wages came to $145k. At year end it held assets of $283k against liabilities of $41k, net assets of $242k. It reported 5 employees.