The Art Garage

Analysis

The Art Garage is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Art Garage reported income of $832k and spending of $816k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $469k to $832k (+77%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Art Garage sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within CO. Charities of a similar size with the same main cause include Fayette County Cultural Trust ($832k), Colab Arts Inc ($832k) and Remy Bumppo Theatre Company ($831k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Other salaries and wages came to $553k. At year end it held assets of $268k against liabilities of $22k, net assets of $246k. It reported 33 employees.