Artpark & Company Inc

Analysis

Artpark & Company Inc is a registered charity in United States, based in Lewiston, NY. It received its IRS tax-exemption ruling in October 1971, 55 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 September 2023, Artpark & Company Inc reported income of $6.5m and spending of $7.2m, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.2m to $6.5m (+26%), an average of +5.9% a year. The sharpest change came in the year to September 2021, when income rose by 353%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Artpark & Company Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Oesterlen - Services for Youth Foundation Inc ($6.5m), Commission on Accreditation for Law Enforcement Agencies Inc ($6.5m) and Misericordia Convalescent Home ($6.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $169k (2.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.4m against liabilities of $855k, net assets of $1.5m. It reported 254 employees.