Arts for the City Inc

Analysis

Arts for the City Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in June 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, Arts for the City Inc reported income of $316k and spending of $301k, spending 95% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $198k to $316k (+60%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts for the City Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within IA. Charities of a similar size with the same main cause include Vem USA Inc ($316k), Convivio Inc ($316k) and Archaeology in the Community ($316k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $44k (15% of expenses). Other salaries and wages came to $38k. At year end it held assets of $256k against liabilities of $4,323, net assets of $251k.