Arts & Minds Inc

Analysis

Arts & Minds Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Arts & Minds Inc reported income of $254k and spending of $370k, spending 145% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $341k to $254k (-25%), an average of -9.3% a year. The sharpest change came in the year to December 2022, when income rose by 383%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Arts & Minds Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Black & White Party ($254k), Newbridge Fund Inc ($255k) and Toledo Muslim Doctors Initiative ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.1% of the total. Other salaries and wages came to $196k. At year end it held assets of $230k against liabilities of $605, net assets of $229k. It reported 3 employees.