Artreach Inc

Analysis

Artreach Inc is a registered charity in United States, based in Norwich, CT. It received its IRS tax-exemption ruling in February 1989, 37 years ago. 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, Artreach Inc reported income of $695k and spending of $611k, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $394k to $695k (+77%), an average of +15% a year. The sharpest change came in the year to June 2024, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Artreach Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include Family YMCA ($695k), Pregnancy Care Center of the Traverse Bay Area ($695k) and Honduras Baptist Dental Mission Inc ($695k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $113k (18% of expenses). Other salaries and wages came to $174k. At year end it held assets of $279k against liabilities of $105k, net assets of $174k. It reported 4 employees.