Art 120

Analysis

Art 120 is a registered charity in United States, based in Signal MTN, TN. It received its IRS tax-exemption ruling in January 2011, 15 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, Art 120 reported income of $107k and spending of $122k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $148k to $107k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 92% 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 120 sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within TN. Charities of a similar size with the same main cause include M-Base Concepts Inc ($107k), Bowling Green International Festival Inc ($107k) and Richmond Tamil Sangam ($107k).

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 $21k against liabilities of $0, net assets of $21k.