Artreach Inc

Analysis

Artreach Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1996, 30 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 June 2023, Artreach Inc reported income of $940k and spending of $636k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $464k to $940k (+103%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 75%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artreach Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Sioux Falls State Theatre Company ($940k), Wilmington Drama League Inc ($940k) and Ohio Lawyers Assistance Program Inc ($940k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $105k (16% of expenses). Other salaries and wages came to $275k. At year end it held assets of $955k against liabilities of $129k, net assets of $827k. It reported 7 employees.