Artsquest

Analysis

Artsquest is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in February 1987, 39 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, Artsquest reported income of $30.9m and spending of $24.2m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.4m to $30.9m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 350%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artsquest sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include French American School of New York Inc ($30.9m), Simon Wiesenthal Center Inc ($31.0m) and Pittsburgh Symphony Inc ($30.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $1.0m (4.2% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $46.7m against liabilities of $10.9m, net assets of $35.8m.