Artsup LA

Analysis

Artsup LA is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2008, 18 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 2024, Artsup LA reported income of $576k and spending of $647k, spending 112% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $608k to $576k (-5.3%), an average of -1.1% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artsup LA sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Korean American Grassroots Conference Inc ($576k), Danville Harvest Jubilee Inc ($576k) and Arab American Cultural and Community Center ($576k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $196k (30% of expenses). Other salaries and wages came to $147k. At year end it held assets of $124k against liabilities of $0, net assets of $124k.