Public Art Reston

Analysis

Public Art Reston is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in February 2009, 17 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, Public Art Reston reported income of $115k and spending of $69k, leaving 40% of income unspent that year. Across the 3 years on record, from June 2019 to June 2024, income fell from $197k to $115k (-41%), an average of -24% a year. The sharpest change came in the year to June 2023, when income dropped by 34%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Public Art Reston sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within VA. Charities of a similar size with the same main cause include Forward Cloudsec Association ($115k), The Schuyler Foundation for Career Bridges Incorporated ($115k) and Greensburg Art Club ($115k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $220k against liabilities of $1,206, net assets of $219k.