Art Shanty Projects

Analysis

Art Shanty Projects is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 2014, 12 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 June 2024, Art Shanty Projects reported income of $127k and spending of $168k, spending 133% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $160k to $127k (-21%), an average of -11% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 124% 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 Shanty Projects sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Little Theatre of Owatonna Inc ($127k), Axial Theatre Inc ($127k) and Innerrhythms Inc ($127k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.