Art with a Heart in Healthcare Inc

Analysis

Art with a Heart in Healthcare Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in April 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 December 2023, Art with a Heart in Healthcare Inc reported income of $631k and spending of $471k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $375k to $631k (+68%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art with a Heart in Healthcare Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Chelsea Art Theater Inc ($631k), Black Lives Matter Phoenix Metro ($631k) and Sequoia Symphony Orchestra ($631k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $70k (15% of expenses). Other salaries and wages came to $289k. At year end it held assets of $717k against liabilities of $148k, net assets of $569k. It reported 12 employees.