Artis Contemporary Israeli Art Fund Inc

Analysis

Artis Contemporary Israeli Art Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2010, 16 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, Artis Contemporary Israeli Art Fund Inc reported income of $1.2m and spending of $1.1m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.2m (-2.5%), an average of -0.6% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artis Contemporary Israeli Art Fund Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Chinese Club of San Marino ($1.2m), Apologetics Press Incorporated ($1.2m) and Writers Guild Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $166k (15% of expenses). Other salaries and wages came to $126k. At year end it held assets of $2.1m against liabilities of $131k, net assets of $1.9m. It reported 3 employees.