Inverted Arts

Analysis

Inverted Arts is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in October 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, Inverted Arts reported income of $137k and spending of $143k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $138k to $137k (-0.2%), an average of -0.2% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inverted Arts sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within MN. Charities of a similar size with the same main cause include Umanoorg ($137k), Prescott Valley Performing Arts ($137k) and Taconic Opera Inc ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $278, net assets of $15k.