Association for Public Art

Analysis

Association for Public Art is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 1952, 74 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Association for Public Art reported income of $1.3m and spending of $1.7m, spending 134% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $1.5m to $1.3m (-13%), an average of -3.4% a year. The sharpest change came in the year to October 2023, when income dropped by 32%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Association for Public Art sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Fort Mill Preparatory Cooperative Preschool ($1.3m), Walla Walla Symphony Society Inc ($1.3m) and Essex National Heritage Commission Inc ($1.3m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 7.6% of the total. Compensation of current officers, directors and key employees was $147k (8.6% of expenses). Other salaries and wages came to $522k. At year end it held assets of $22.5m against liabilities of $0, net assets of $22.5m. It reported 10 employees.