Artists in Residence Inc

Analysis

Artists in Residence Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1973, 53 years ago. 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 August 2023, Artists in Residence Inc reported income of $463k and spending of $461k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $293k to $463k (+58%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 18%. 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, Artists in Residence Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Greater Boston Chinese Cultural Association ($463k), Sterling Park District Museum Association Sterling Park District ($463k) and San Rafael Public Education Foundation ($463k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $73k (16% of expenses). Other salaries and wages came to $103k. At year end it held assets of $238k against liabilities of $112k, net assets of $126k. It reported 5 employees.