Reforming Arts Incorporated

Analysis

Reforming Arts Incorporated is a registered charity in United States, based in East Point, GA. It received its IRS tax-exemption ruling in August 2012, 14 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, Reforming Arts Incorporated reported income of $70k and spending of $183k, spending 264% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $119k to $70k (-41%), an average of -41% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 186% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Reforming Arts Incorporated sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within GA. Charities of a similar size with the same main cause include Friends of Alban Arts & Conference Center ($70k), International Suzuki Association ($70k) and Arts Downtown ($70k).

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 $22k against liabilities of $222k, net assets of -$200k.