Art 2 Heart

Analysis

Art 2 Heart is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2 Heart reported income of $86k and spending of $85k, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $86k to $86k (-0.2%), an average of +-0.0% a year. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Art 2 Heart sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within MN. Charities of a similar size with the same main cause include Cotton Electric Charitable Foundation ($86k), Veritas Foundation ($86k) and Wabc Radio Foundation Inc ($86k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 53% of the total. At year end it held assets of $67k against liabilities of $6,164, net assets of $61k.